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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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Friday, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) ...
Thursday, 20 January 22
CHINESE COAL JUMPS OVER 6% ON PRE-HOLIDAY SUPPLY WORRY - REUTERS
China’s thermal coal futures soared more than 6% on Wednesday, hitting a level last seen in late November as investors grew concerned over ti ...
Thursday, 20 January 22
VIETNAM: COAL SECTOR SEES POSITIVE PROSPECT IN 2022 - VNA
With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomi ...
Wednesday, 19 January 22
MARKET INSIGHT - INTERMODAL
Since the beginning of the year, we have been witnessing the BDI correcting downwards with sizable drops across all segments. Latest similar levels ...
Sunday, 09 January 22
INDONESIA MINISTER SAYS 'EMERGENCY OVER' ON COAL SUPPLY CRUNCH - REUTERS
Indonesia’s power emergency which has triggered a coal export ban is over but the government will still continue to discuss policies in this ...
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- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Economic Council, Georgia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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