News

Interest rates lower for longer. Inflation higher for longer. That’s what the U.S. central bank wants, and it’s an unwise investor who bets against the most powerful bank in the world.

Interest rates lower for longer. Inflation higher for longer. That’s what the U.S. central bank wants, and it’s an unwise investor who bets against the most powerful bank in the world. Details of what could be a significant change in Federal Reserve policy will become clearer over the next few days but a glimpse of what might be coming could be seen on Australian markets ahead of a key speech by the bank’s chairman, Jerome Powell.

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Macquarie has significantly boosted its iron ore price forecasts, leading to earnings upgrades of 30-50% for BHP, Rio Tinto, Fortescue Metals Group and Mineral Resources for the 2021 financial year (reports MiningNews).

Macquarie has significantly boosted its iron ore price forecasts, leading to earnings upgrades of 30-50% for BHP, Rio Tinto, Fortescue Metals Group and Mineral Resources for the 2021 financial year (reports MiningNews). The MySteel 62% Australian iron ore fines price hit a six-year high of US$128.50 per tonne this week. Macquarie has lifted its forecast for 2020 by 14% to $105/t, and by 27% to $100/t for 2021.

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Kairos Minerals (ASX: KAI) has begun a 5,000m reverse circulation (RC) drilling program at its growing Pilbara gold project in Western Australia (reports Small Caps).

Kairos Minerals (ASX: KAI) has begun a 5,000m reverse circulation (RC) drilling program at its growing Pilbara gold project in Western Australia (reports Small Caps). Drilling is now underway at what the company calls the “exciting” Fuego prospect with the Mt York prospect to follow. This is part of a large 2020 exploration program that includes soil and rock chip sampling, mapping, airborne magnetic and radiometric surveys, sub-audio magnet surveys as well as RC drilling.

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US chemicals giant Albemarle will begin a recruitment drive next month for up to 300 operational roles at its new lithium hydroxide plant at Kemerton, defying negative sentiment regarding the battery metal (reports The West Australian).

US chemicals giant Albemarle will begin a recruitment drive next month for up to 300 operational roles at its new lithium hydroxide plant at Kemerton, defying negative sentiment regarding the battery metal (reports The West Australian). The staged hiring campaign will initially target production operators with later recruitment waves employing laboratory technicians and tradespeople such as fitters, boilermakers and electrical instrumentation technicians for maintenance roles.

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With the price defying analysts’ predictions of a sharp drop and BHP saying this week that it no longer expects “an abrupt step down”, juniors such as Fenix and Strike are feeling investors’ love. Plus, Chalice’s nickel-copper find attracts international attention.

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Volatility ruled financial markets this week with gold’s roller-coaster ride a perfect example of what to expect for the rest of the year.

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Silver prices hit a seven-year high of $US29/oz ($40.32/oz) this week, as investors rediscover its safe haven status as a hedge against the current economic storm (reports Stockhead).

Silver prices hit a seven-year high of $US29/oz ($40.32/oz) this week, as investors rediscover its safe haven status as a hedge against the current economic storm (reports Stockhead). The last time silver reached these levels was back in February 2013. Demand for physical silver is running hot as latest figures from the Perth Mint show.

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Emerging sulphate of potash (SOP) play Trigg Mining reports it has successfully completed its first drilling program at Lake Throssell, one of its two brine projects in Western Australia (reports Small Caps).

Emerging sulphate of potash (SOP) play Trigg Mining reports it has successfully completed its first drilling program at Lake Throssell, one of its two brine projects in Western Australia (reports Small Caps). A total of 26 holes of shallow rotary drilling were completed across the playa area of the lake — playa being defined as an area of flat land in a desert basin from which water evaporates quickly.

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9th Feb 2021

RRS February 2021 Summer Series

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RRS 2021 Gold Coast Conference

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