Yesterday
This mining fundie says lithium is a better bet than iron ore
Janus Henderson’s Darko Kuzmanovic says China’s stimulus boost will no longer be a huge driver of iron ore and coal profits. He’s looking at battery mineral stocks instead.
- Alex Gluyas
This Month
Allegro Funds rules off exit at drilling outfit JSW
Sources said the deal, led by Allegro managing director Jeffrey Largier, will see JSW trade to a consortium.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Traders give China a ‘second chance’, but time is running out
Financial markets are on tenterhooks waiting for Beijing’s announcement this weekend that could reignite a rally in stocks and commodities.
- Alex Gluyas
Brokers stick with stimulus bets after meltdown
Investors have delivered a cool assessment of whether China’s stimulus lives up to the hype, but brokers are refusing to give up on the easy money dream.
- Alex Gluyas and Sarah Jones
- Opinion
- Chanticleer
China fails to ‘feed the monster’ with stimulus fizzer
China’s initial failure to provide the sort of fiscal stimulus required to prop up its economy means investors need to rethink their emotional bets.
- James Thomson
Iron ore, stocks suffer brutal reversal as China hopes dashed
Chinese officials fell well short of the multitrillion-yuan stimulus package predicted by some analysts, wrong-footing bullish commodity and equity markets.
- Alex Gluyas
Iron ore to hit $US120 if China ramps up stimulus
Citi believes iron ore and base metals are set to rally if China delivers a whopping 10 trillion yuan ($2.1 trillion) stimulus package that the market had been pricing in.
- Updated
- Alex Gluyas
Iron ore to hit $US120; Rinehart slashes mine plan; PE’s dirty little secret
In today’s news, iron ore to hit $US120 as China ramps up stimulus, Rinehart slashes plans for next big mine, and why private equity’s dirty little secret worries this investment titan.
- Exclusive
- Gina Rinehart
Gina Rinehart slashes plans for next big mine as ESG factors hit
The billionaire businesswoman has dramatically scaled back the proposed Mulga Downs iron ore project by 40 per cent to overcome environmental concerns.
- Peter Ker
Investors scramble for China exposure ahead of key stimulus
Markets are rallying on hopes that Beijing’s top economic planner will unveil new policies on Tuesday just as China’s sharemarket reopens after the Golden Week holiday.
- Alex Gluyas
September
Iron ore rockets 10pc as ASX, China records tumble
The price of Australia’s key export soared above $US110 a tonne on Monday, extending a rally in mining stocks and lifting the sharemarket to a record.
- Alex Gluyas
Iron ore’s ‘fundamentals’ still point to lower price: Goldman
The steelmaking material surged more than 10pc on news of China’s latest efforts to stoke its flailing economy. But Goldman says the advance will prove fleeting.
- Timothy Moore
China pledges more stimulus, driving asset prices higher
China’s Politburo injected fresh excitement into financial markets on Thursday, pushing for more fiscal spending to stabilise the property sector.
- Updated
- Alex Gluyas
BlueScope sounded out as Whyalla steelworks rescuer
Sanjeev Gupta’s empire is showing further signs of distress as creditor defaults tick up against his other businesses in Australia, InfraBuild and Tahmoor coal.
- Simon Evans and Elouise Fowler
Markets cheer China stimulus, but pundits warn it’s no ‘bazooka’
Iron ore futures surged 6 per cent, triggering a rally in ASX mining stocks, but China’s latest support package may not have a lasting impact on commodity prices.
- Alex Gluyas
PwC’s $820m plunge; China cuts rates; Thousands flee in Lebanon
Read everything that’s happened in the news so far today.
China must ramp up housing rescue to boost growth, economists warn
Amid doubts over whether China can meet its lofty 5 per cent GDP target, analysts say Beijing needs “a complete change in mindset” to revive the property market.
- Bloomberg News
The market’s most ‘contrarian play’ is high-risk, high-reward
With fund managers’ allocation to commodities at a multi-year low, traders are weighing the chance to front-run a rebound, but that involves a big bet on China.
- Alex Gluyas
- Opinion
- Chanticleer
Hedge funds smell blood, double down on MinRes shorts
The company is uniquely sandwiched between two of the big forces hitting Australia’s resources sector.
- Updated
- Anthony Macdonald
Iron ore tipped to fall below $US80, forcing mine closures
Bank of America cautioned that the price of Australia’s key export could slump more than 10 per cent, which would force a new wave of miners to exit the market.
- Alex Gluyas
