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Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
 In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic metric driving the Australian economy. As we all know, mining plays a major role in our economic machine. Movements in the iron ore price, in particular, can have far-reaching consequences on everything from our exchange rate to the budgets our governments run.
So it was with much excitement that a record high iron ore price that reached more than US$200 a tonne earlier this year was received. That sent the share prices of the ASX’s biggest iron miners like BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO) to new all-time highs just a few months ago.
But equally momentous was the subsequent collapse the iron ore price has suffered through in the months since. The ‘red dirt’ was fetching as high as US$220 a tonne just a few months ago. But, today, it is asking just US$92.60 a tonne.
So if you were wondering why the Fortescue share price has now lost roughly 40% since late July, that’s probably a pretty good explanation.
As such, many investors might be wondering ‘where to from here?’ and hoping for an iron ore price forecast.
Ellison gives iron ore price forecast
Chriss Ellison is the executive chair of Mineral Resources Ltd (ASX: MIN), a mining and services company that has done exceptionally well over the past year (up around 35.5%). So it goes without saying that this is a man to get a decent iron ore price forecast from, if there is such a thing.
According to recent reporting in the Australian Financial Review (AFR), Mr Ellison is pushing ahead with his company’s expansion plans for iron ore, despite the recent price collapse. Ellison reportedly is expecting the iron ore price to “consolidate around US$100 a tonne”. Despite the distance between that price and the highs we saw earlier this year, this would still mean “handy margins” for a smaller player like Mineral Resources.
Ellison isn’t the only one looking at US$100 iron ore. The report also quotes Glyn Lawcock, of Barranjoey Capital Partners. Mr Lawcock is expecting the iron ore price to average “above US$100” in 2022. He points to what he sees as the potential for higher Chinese steel output once the 2022 Winter Olympics finish in Beijing next year.
So, if these experts are to be believed, the days of US$200-plus iron ore are over, at least for now. But they also clearly aren’t of the opinion that there isn’t still money to be made from the iron ore price.
Should you invest $1,000 in Mineral Resources right now?
Before you consider Mineral Resources, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mineral Resources wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
Source: Motley Fool
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Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even ...
Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Thursday, 10 February 22
INDONESIA: COAL EXPORT BAN - SKULD
Indonesia's coal export ban in the light of force majeure and off-hire clauses
In January 2022, Indonesia, the world's biggest exporte ...
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- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
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- Tata Chemicals Ltd - India
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- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
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- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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