News - Prospector's Diary

Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter.

Macquarie Bank’s headline-grabbing iron ore price forecast last week of $US200 a tonne for later this year has been raised by Citi, a rival bank, which reckons the ore price could stretch out to $US210/t in the September quarter. “No turn of the iron ore tide just yet,” is how Citi summed up a red-hot commodity even as it eased back below $US190/t this week but which continues to be driven by global economic stimulus spending and the return of consumers armed with trillions of dollars in the U.S.

read more

Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months.

Takeover time moved a step closer this week as the “almost everything boom” stretched out to new heights with Fitch Ratings warning that the mining sector is likely to shift from a buyer’s to a seller’s market over the next 12-to-18 months. The alert from Fitch, a leading credit rating agency, recognises the challenge of trying to buy high-priced individual assets and the need for bidders to make a full takeover for the parent company.

read more

The “almost everything boom” roared on this week, led by palladium, which hit an all-time high of $US2899 an ounce, iron ore, which cracked a 10-year price ceiling at $US186 a tonne, and gold, which took a peek at $US1800/oz

The “almost everything boom” roared on this week, led by palladium, which hit an all-time high of $US2899 an ounce, iron ore, which cracked a 10-year price ceiling at $US186 a tonne, and gold, which took a peek at $US1800/oz -- and might be there by the time you read this. Soft commodities and financial markets are also booming. Wheat is trading at a seven-year high. Timber in the U.S. is at an all-time high, as are share prices on the New York Stock Exchange.

read more

Gold tried to rise this week, with limited success, leaving the best gains to energy in its many forms,

Gold tried to rise this week, with limited success, leaving the best gains to energy in its many forms, led by oil but with lithium and other members of the battery-metal family (including copper) not far behind. Because so many Australian investors are exposed to gold it’s worth having a look at the changing dynamics of the gold market. These could put a floor under its price, which has dropped by 16% over the past nine months to latest trades at $US1738/oz.

read more

Brazil’s descent this week into a full-blown Covid-19 crisis should ensure ongoing super profits for Australia’s iron ore miners as the price of the steel-making material rises back above $US170 a tonne.

Brazil’s descent this week into a full-blown Covid-19 crisis should ensure ongoing super profits for Australia’s iron ore miners as the price of the steel-making material rises back above $US170 a tonne. The potential for continuing Brazilian supply shortfall, when combined with strong worldwide demand for steel, could easily see iron ore challenge last month’s near-record high of almost $US180/t. What’s happening in iron ore was not expected. Most investment banks had been forecasting a price fall as supply rose and Chinese steel demand peaked.

read more

It’s been a long time since uranium caught the eye of mainstream investors but in a shortened pre-Easter week when the price of almost everything else was trending down, it was time for the love-hate nuclear fuel to shine (or should that be glow!).

It’s been a long time since uranium caught the eye of mainstream investors but in a shortened pre-Easter week when the price of almost everything else was trending down, it was time for the love-hate nuclear fuel to shine (or should that be glow!). Second-tier investment banks and stockbrokers such as Shaw and Partners have been banging the uranium drum for several months with buy tips on most uranium explorers, including this week’s positive recommendation on Peninsula Energy, which has a promising U.S. project.

read more

Gold regained some of its appeal this week as the global economic growth story hit a rocky patch best illustrated by images of a fully-loaded container ship blocking the Suez Canal – a metaphor of how the broader economic picture has taken a turn for the

Gold regained some of its appeal this week as the global economic growth story hit a rocky patch best illustrated by images of a fully-loaded container ship blocking the Suez Canal – a metaphor of how the broader economic picture has taken a turn for the worse. Whether it has been threats from the European Union to withhold Covid-19 vaccine from export or a series of confidence-sapping surprises in a number of commodity markets, the score by last night was gold 1, rest of the market nil.

read more

A whiff of inflation, and the promise of low interest rates for longer, boosted gold this week, while the rush into battery metals picked up pace which makes it more essential than ever for investors to have exposure to “new energy” metals such as lithium

A whiff of inflation, and the promise of low interest rates for longer, boosted gold this week, while the rush into battery metals picked up pace which makes it more essential than ever for investors to have exposure to “new energy” metals such as lithium. Gold, which had been fading for much of the past six months, got a kick from news that the U.S. central bank will sit on official interest rates for another two years, even as its forecast for economic growth in 2021 rises from an already strong 4.2% to a Chinese-style 6.5%

read more

Upcoming Events

View All

18th May 2021

RRS May Investor Lunch Series - Brisbane

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

19th May 2021

RRS May Investor Lunch Series - Sydney

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

20th May 2021

RRS May Investor Lunch Series - Melbourne

Four outstanding growth stories | Bellevue Gold, Boss Energy, Centaurus Metals & Greenvale Mining

© 2021 Resources Rising Stars All Rights Reserved