Energy / Resources
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China Watch
Roger Montgomery
May 9, 2014
In February 2014, Robert Brusca, Chief Economist of FAO Economics, was quoted as saying: “U.S. imports are weak. And imports are closely linked to GDP. Weak imports suggest that there will be more weak GDP reports to come. That is bad news and it is the kind of bad news that trumps the good news”. continue…
by Roger Montgomery Posted in Economics, Energy / Resources, Insightful Insights.
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China watch
Roger Montgomery
May 1, 2014
We believe China’s steel production is growing at the rate of 2-3 per cent per annum. Longer term, this – combined with the inevitably slowing economy and the increasing Australian supplies – is an obvious negative influence on the price of iron ore. And it’s something we’ve been warning investors about here on the blog for several years. continue…
by Roger Montgomery Posted in Economics, Energy / Resources, Insightful Insights.
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No Pickups with Trucking
Ben MacNevin
April 24, 2014
For companies that deal in capital-intensive vehicles, construction generally provides better growth opportunities than production. With large miners progressively shifting spending from capital expenditure to operating expenditure, the consequences are being felt by vendors. continue…
by Ben MacNevin Posted in Energy / Resources, Property, Value.able.
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The Aussie Peso Rides Again
Roger Montgomery
April 7, 2014
My friend and Joint Chief Executive of Philo Capital Advisers, Ashley Owen, recently penned this piece on the Aussie dollar. As you know, we have suggested since US$1.05 that Australia needs a lower currency. Well, according to Ashley, we’re going to get one. continue…
by Roger Montgomery Posted in Energy / Resources, Foreign Currency, Insightful Insights.
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Metallurgical coal: the decline continues
David Buckland
March 28, 2014
On Monday, we wrote a piece reporting the steady decrease in the price of thermal coal. For those who like to keep an eye on various key commodity prices, the metallurgical coal benchmark price for the June 2014 quarter is looking like $120/tonne. continue…
by David Buckland Posted in Energy / Resources, Insightful Insights.
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Thermal coal’s turn to edge downwards
David Buckland
March 24, 2014
Recent negotiations with Japanese utilities is likely to see the thermal coal price contracted at US$82/tonne for the year to March 2015, according to Macquarie Research. continue…
by David Buckland Posted in Energy / Resources, Insightful Insights.
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Mining Closures Gather Pace
Russell Muldoon
March 19, 2014
As we have been warning for a while now, the mining services sector is, we think, largely uninvestible given the strong headwinds being faced. Particularly in light of mining companies continuing en-masse to scale back their investment activities. These headwinds don’t look like easing anytime soon. continue…
by Russell Muldoon Posted in Energy / Resources.
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The story on iron ore
David Buckland
March 19, 2014
Since the beginning of 2014 the iron ore price has declined by around 20 per cent, from US$130-$135/tonne, to US$105-$110/tonne. Unusually, the Australian dollar to US dollar exchange rate has, over this period, appreciated slightly to just over US$0.90. continue…
by David Buckland Posted in Energy / Resources, Foreign Currency.
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More on the decline of iron ore
David Buckland
March 12, 2014
On last night’s Your Money Your Call, we received a number of questions on the sharp recent decline in the iron ore price to the current US$105/tonne. continue…
by David Buckland Posted in Energy / Resources.
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- POSTED IN Energy / Resources
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Iron ore crashing!
Russell Muldoon
March 11, 2014
Remember last year all those analysts saying that because the price of iron ore hadn’t gone down in 2013 that it wouldn’t? continue…
by Russell Muldoon Posted in Energy / Resources, Foreign Currency.
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