"Yet it is natural for that growth to eventually taper off, as China's steel consumption per capita is already higher than other regions. ""Vale's added volume near term could temper the price, yet Chinese buyers [will] likely build inventory" into the fourth quarter to prepare for first-quarter weather disruptions, which could support demand and prices, the bank said. The spot price varies between sources as they use different methodologies and grades. The Federal Reserve's commitment to keep interest rates low has underscored the market's belief real rates will remain negative, pushing gold prices higher. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend!

Australia's iron ore miners can thank Chinese steel output and Brazil's Vale for a very bullish outlook for the price of iron ore, according to Bank of America. "China's voracious appetite for iron ore has continued into 2020, with government stimulus playing a key role in this further growth," Bank of America said. The current spot price of around US$108 a tonne includes shipping, but if you strip that out, the implied spot FOB price is around US$100 per tonne.The bearish prediction stands in contrast to the resilient price of the steel making ingredient, which hasn’t been impacted by the global coronavirus pandemic.Strong demand from China and supply disruptions from our iron ore competitor, Brazil, have given our miners an upper hand.But the government isn’t willing to keep banking on these tailwinds and decided to take a The good news is that experts aren’t taking the budget forecast for iron ore seriously – certainly not as seriously as they are treating the Treasury assumptions have a tendency to be overly pessimistic as the government has much more to gain by getting underestimating the iron ore price.
Transparency is a potential issue as contract negotiations can take place behind closed doors.
Follow our live updates here.Only 4 per cent of directors and 5 per cent of senior executives in ASX 200 companies have worked in Asia for more than five years.Amid signs of an IR stand-off with Labor, the federal government may have to make good on its threat to 'go it alone' on pushing through changes to the enterprise bargaining system.Contractor Built brought work to a close after four employees of a concreting subcontractor tested positive to the disease.Last month, one analyst predicted the metal would hit $US2500 by December next year. But can investors continue to count on our mining giants if the iron ore price is set to tank, as forewarned by the government? China’s steel and iron ore market Steel price trends Input raw material price trends Global steel trade statistics . *This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. "More important to the bank's bullish price outlook, however, is Vale's ability to alter global supply. The price of iron ore is normally quoted from two sources: 1. Treasurer Josh Frydenberg’s economic and fiscal update last week was based on a $55 a ton iron ore price at a time when the market level was almost double that. "In total, Vale management has said it could produce 450 million tonnes, which would top its pre-Brumadinho dam collapse value of 365.6 million tonnes in 2018 – also its historical high. Higher prices … For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. A Benchmark Index The price is usually set once daily by several major benchmarking companies. Other market watchers believe it could happen as early as next weekGold reset record highs on Thursday after the US Treasury said it would seek a record $US112 billion in new debt.Oil prices rose to a five-month high on Thursday, extending the rally in the price of Brent crude to more than 130 per cent since March's low.Gold rose to a fresh record high on Wednesday after surging past the $US2000 mark, leading analysts to predict a move to $US3000 is likely in the next 18 months. Base Metals commodities such as Copper, Iron Ore, Nickel & Steel - Historical price data and charts - Price forecasts - News & Analysis. The But can investors continue to count on our mining giants if the iron ore price is set to tank, as forewarned by the government?Treasury is sticking to its US$55 a tonne price forecast for 2020. "Bank of America's price target for BHP is $44; $123 for Rio Tinto and $US16 for Vale's US-listed shares.China’s iron ore imports reached a record high in July, according to data from the General Administration of Customs of China released on Friday, according to Fastmarkets.Data showed that China's July iron ore imports reached 112.6 million tonnes, up by 23.8 per cent year on year and 10.8 per cent month on month from June, Fastmarkets reported. 2.

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