SCHY: International Dividend ETF Mitigating Risks
- SCHY: International Dividend ETF Mitigating Risks
- 11/08/2021
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A Trio of Metals and Mining Stocks Shining as Bargains
- If you are screening the market for bargain opportunities among U.S.-listed equities, then you could be interested in the following stocks, since they meet the criteria listed below:
- 11/05/2021
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Nickel Miners News For The Month Of October 2021
- Nickel Miners News For The Month Of October 2021
- 11/01/2021
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Cobalt Miners News For The Month Of October 2021
- Cobalt spot prices were higher for the month and LME cobalt inventory was slightly lower. Cobalt market news - Strong growth for cobalt, but some headwinds too. Cobalt slight supply deficit this year and will remain in one next year.
- 10/25/2021
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Dividend Income Summary: Lanny's September 2021 Summary
- In September, we (my wife and I) received a total of $4,154.72 of dividend income. Another $4,000+ month. The dividend from KeyCorp stands out, as the dividend is now over $100, at $105.99 vs. $72.05 in the past.
- 10/11/2021
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These 4 Copper-Mining Stocks Pay Outstanding Dividends
- Copper prices have come down by more than 12% from the 12-month high but remain nearly 50% higher than a year ago.
- 10/07/2021
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New Strong Sell Stocks for October 1st
- KEX, BBL, ELUXY, TTDKY, and WEICY have been added to the Zacks Rank #5 (Strong Sell) List on October 1, 2021.
- 10/01/2021
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Cobalt Miners News For The Month Of September 2021
- Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same. Cobalt market news - Canaccord forecasts a cobalt deficit as early as 2024, forecasts prices rising beyond the previous peak of US$42.52/lb and sets long-term pricing at US$40/lb.
- 09/24/2021
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66 Ideal 10%+Yield Dividend Stocks Priced $5-$83 For September
- These dividend dog 10%+Yield@$5-$83 data are all sourced from YCharts. Many were discarded for unsustainable-dividends above 25%; others were deleted for infrequent-dividends. Not all have paid consistent annual dividends. Analyst top-ten target net-gain estimates for these 67 bargain-basement dogs 9/20/21 ranged 40.05%-76.02% from BSBR, PBFX, CPAC, IEP, PAX, SCU, VALE, QIWI, CYD, and top pick, SBSW per YCharts data.
- 09/23/2021
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Nickel Miners News For The Month Of August 2021
- Nickel spot prices were lower in August, LME inventory was lower. Nickel market news - Morgan Stanley says demand for nickel is exceptionally strong. BMI says supply disruption leaves MHP nickel refiners high and dry.
- 08/30/2021
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BBL vs. WPM: Which Stock Is the Better Value Option?
- BBL vs. WPM: Which Stock Is the Better Value Option?
- 07/30/2021
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BBL or WPM: Which Is the Better Value Stock Right Now?
- BBL vs. WPM: Which Stock Is the Better Value Option?
- 07/14/2021
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Nickel Miners News For The Month Of June 2021
- Nickel spot prices were slightly higher in June, LME inventory was lower. 2021 IEA report forecast total demand increase for nickel from 2020 to 2040 of 7x to 19x. Nickel market news - Volkswagen to get actively involved in the raw materials business. Tesla to buy >$1 billion of Australian battery minerals a year. USA wants a nickel refinery.
- 06/30/2021
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Should Value Investors Buy Billiton (BBL) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/25/2021
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10 Different Stocks To Buy A 10-Year-Old 2nd Child
- This is a follow-up to my January 2018 article "10 First Stocks To Buy A 10-Year Old", reflecting on how choosing stocks for my 2nd 10-year old is different. 2nd children often look up to older siblings and feel some need to be different or competitive, and that shows in the stocks shown interest in.
- 05/27/2021
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Cobalt Miners News For The Month Of May 2021
- Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability. Cobalt market news - S&P GMI forecasts the cobalt market to move into deficit from 2024. Analysts at RBC expect cobalt prices to reach $28.50/lb this year and $40/lb in 2024.
- 05/24/2021
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Bullish Uranium Miners Via URA And URNM ETFs
- Bullish Uranium Miners Via URA And URNM ETFs
- 05/18/2021
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Cobalt Miners News For The Month Of April 2021
- Cobalt spot prices were slightly lower for the month and LME cobalt inventory was slightly lower. Cobalt market news - President Biden's $2.25 trillion infrastructure package proposes a $174 billion investment "to win the EV market".
- 04/24/2021
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Are You Looking for a Top Momentum Pick? Why Billiton (BBL) is a Great Choice
- Does Billiton (BBL) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/22/2021
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Dividend Income Summary: Lanny's March 2021 Summary
- Dividend Income Summary: Lanny's March 2021 Summary
- 04/08/2021
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Cobalt Miners News For The Month Of March 2021
- Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD. Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040.
- 03/24/2021
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Top Ranked Income Stocks to Buy for March 11th
- Top Ranked Income Stocks to Buy for March 11th
- 03/11/2021
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Nickel Monthly News For The Month Of February 2021
- Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month.
- 03/01/2021
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Billiton (BBL) Upgraded to Strong Buy: Here's Why
- Billiton (BBL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 02/25/2021
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Cobalt Miners News For The Month Of February 2021
- Cobalt Miners News For The Month Of February 2021
- 02/23/2021
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A Trio of High Return on Equity Stock Picks to Consider
- When a company's return on equity (ROE) ratio outperforms most of its peers, it indicates the company has been very efficient in generating earnings.
- 02/17/2021
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Nickel Monthly News For The Month Of January 2021
- Nickel Monthly News For The Month Of January 2021
- 01/31/2021
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Are Investors Undervaluing Billiton (BBL) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 01/15/2021
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Here's Why Momentum Investors Will Love Billiton (BBL)
- Does Billiton (BBL) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/05/2021
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U.S. Dollar Sees First Drop Since 2017: ETFs & Stocks to Buy
- The super-easy policies by the Fed and the central government as well as a series of vaccine development have pushed the U.S. dollar down.
- 01/05/2021
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Nickel Monthly News For The Month Of December 2020
- Nickel spot prices were higher again in December, and the LME inventory was slightly higher than last month. Nickel market news - Green trend stirs copper and nickel markets as supply tightens. Nickel outlook 2021: Strong demand recovery ahead but supply to increase.
- 12/31/2020
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Wall Street Stories That Hit Headlines in 2020
- With super-easy policies and vaccination, small-cap stocks like Liquidity Services (LQDT) and cyclical stocks like Nexstar Media (NXST), Deere & Company (DE) and BHP Billiton (BBL) are expected to benefit the most.
- 12/30/2020
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BBL vs. SSRM: Which Stock Is the Better Value Option?
- BBL vs. SSRM: Which Stock Is the Better Value Option?
- 12/29/2020
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Cobalt Miners News For The Month Of December 2020
- Cobalt spot prices were unchanged for the month and LME cobalt inventory was also unchanged. Cobalt market news - BMI forecasts growth in the battery sector will drive cobalt demand, outweighing falling cobalt intensities in individual cells. Roskill-Cobalt demand set to roughly double by 2030.
- 12/24/2020
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3 High Earnings Return Stock Picks for the Value Investor
- They are outperforming investment-grade bonds
- 12/15/2020
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Nickel Monthly News For The Month Of November 2020
- Nickel spot prices were slightly higher in November, and the LME inventory was slightly higher than last month. Nickel market news - Wood Mackenzie forecasts nickel demand to increase by 2/3rds by 2040. New US trade group ZETA calls for emissions caps, total EV adoption by 2030.
- 12/01/2020
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My Top 2 Battery Metal Miners For Lithium, Cobalt, Nickel; 1 For Graphite And Manganese
- Two recent events have boosted the battery metal miners - Rapidly improving EV sales especially in Europe and China; plus Tesla's Battery Day enormous forecasts for future battery production. A battery metals miner's super-cycle looks set to begin soon.
- 11/15/2020
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10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher
- In this article we present the list of 10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher. Click to skip ahead and see the 5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher.
- 11/14/2020
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Nickel Monthly News For The Month Of October 2020
- Nickel spot prices were higher in October, and the LME inventory was slightly higher than last month. Nickel hits 11-month high on expectations of robust demand. Nickel market news - Tesla in talks with Vale, BHP, and the Indonesian Govt. to secure nickel. Biden campaign tells miners it supports domestic production of EV metals.
- 10/30/2020
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Nickel Monthly News For The Month Of August 2020
- Nickel spot prices were higher again in August, and the LME inventory was slightly higher than last month.
- 08/29/2020
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Cobalt Miners News For The Month Of August 2020
- Cobalt spot prices rose strongly for the month and LME cobalt inventory was lower. African supply bottlenecks fuel cobalt price surge.
- 08/24/2020
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Can 'Floating Rate Investments' And Commodities Protect Against Inflation?
- Inflation is a matter of when – not if. While TIPS and broad market stocks do provide some inflation protection, they are not the best.
- 08/21/2020
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BHP Group Ltd (BHP) Q2 2020 Earnings Call Transcript
- Thank you for joining Peter Beaven and me. Today, we are going to talk with you about three things that build upon the operational excellence and portfolio of the future agenda that I spoke with you about in February. Firstly, a very strong set of operational and financial results for the year past, which aligns to the resolve I spoke about for BHP to further improve performance and to be unquestionably the industry's best operator in order to drive value and returns, underpinned of course by our commitment to social value.
- 08/19/2020
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BHP falls short of expected profit, warns of slowing growth outside China
- BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates. The warning came as BHP reported underlying profit attributable from continuing operations for the year ended June 30 that fell to $9.06 billion - below estimates of $9.42 billion, according to Refinitiv IBES data. "With the exception of China, the world's major economies will contract during the 2020 calendar year as a result of the COVID-19 pandemic," Chief Executive Mike Henry said in a statement.
- 08/18/2020
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BHP Group's (BHP) FY20 Earnings and Revenues Decline Y/Y
- BHP Group (BHP) reports a 4% drop in attributable profit from continuing operations owing to lower prices and volumes.
- 08/18/2020
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Top Ranked Income Stocks to Buy for August 18th
- Top Ranked Income Stocks to Buy for August 18th
- 08/18/2020
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Golden Minerals (AUMN) Catches Eye: Stock Jumps 8.4%
- Golden Minerals (AUMN) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- 08/18/2020
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Baltic index dips on lower capesize, panamax rates
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European stocks steady amid recovery concerns with virus cases on the rise
- European stocks traded steady on Tuesday on a quiet summer day, as investors weigh up evidence on how fast the recovery is progressing.
- 08/18/2020
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GLOBAL MARKETS-Equities stall on widening U.S.-China rift; dollar slides
- European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further U.S. fiscal stimulus drove the dollar towards a two-year low against its rivals. A weaker opening for the region's blue-chip euro STOXX 50 weighed on Asian stocks with MSCI's broadest index of Asia-Pacific shares outside Japan giving up early gains to trade flat. Underpinning much of the equity market weakness was a fresh instalment of the escalating spat between the United States and China, with President Trump announcing further restrictions overnight on tech giant Huawei Technologies Co.
- 08/18/2020
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South Africa Stocks Whipsaw as Gold Miners Counter Ore Producers
- (Bloomberg) -- South Africa’s main stock index is little changed as of 10:01 a.m. in Johannesburg after gaining and falling as much as 0.3%. Strength among gold producers on renewed haven demand counters weakness among diversified miners. Declines in market heavyweights Sasol Ltd., Naspers Ltd., and Richemont offset advancing banks and retailers.Investors’ appetite for risk is being tested amid concern over virus-related economic threats, as well as stalled U.S. stimulus talks, and as mounting tension between Washington and Beijing weighs on sentiment. Luxury retailer Richemont falls 0.6%. Sasol retreats 1.8%, dropping for a third day. The company on Monday reported an annual loss after $6.5 billion in asset writedowns.NOTE: Sasol’s Loss, Last-Ditch Funding Effort Drive Shares LowerIndex of mining compoanies retreats 0.4%, as BHP Group Plc leads diversified miners lower, countering gains from gold producers.BHP falls 2.4%, biggest decline in almost a month, after the company said iron ore prices will ease from current levels.NOTE: BHP Sees Iron Ore Swings as Brazil Takes Years to Normalize NOTE: BHP’s Greener Future Doesn’t Mean Quitting Fossil Fuels YetAnglo American Plc -0.7%, Anglo American Platinum Ltd. -0.3%, Glencore Plc -0.8%, African Rainbow Minerals Ltd. -0.9%.Sub-index for gold producers rises for a second day, up 2.9% to a one-week high as bullion prices soar, with investors weighing simmering tensions between the U.S. and China, which fanned demand for haven assets, and the upcoming release of Federal Reserve minutes.NOTE: Gold Advances as Investors Weigh Geopolitics, FedGold Fields Ltd. +3.7%, AngloGold Ashanti Ltd. +1.7%, Harmony Gold Mining Co. +3.6%, DRDGold Ltd. +3.7%, Pan African Resources Plc +2.6%Index of bank stocks halt a two-day slide, rises 0.7% as a weakening dollar drives the rand higher.“The dollar remains under pressure as China and U.S. tensions mount and an impasse over the stimulus package in the U.S. weighed on investor sentiment,” Matete Thulare, a Johannesburg-based analyst at Rand Merchant Bank, said in a note to clients.Standard Bank Group Ltd. +0.6%, FirstRand Ltd. +0.5%, Capitec Bank Ltd. +1.7%, Investec Plc +1.2%, Absa Group Ltd +0.4%, Nedbank +0.4%.Food and drug retailers rise 1.1%, while general retailers advance 0.5%Shoprite Holdings Ltd. +2.9%, Spar Group Ltd +1.4%, Pick n Pay Stores Ltd. +2.1, Clicks Group Ltd. +0.2%, Dis-Chem Pharmacies Ltd. +0.6%Mr Price Group Ltd. +3.1%, Woolworths Holdings Ltd. +0.4%, Truworths +0.3%, Lewis Group Ltd. +3%Foreigners were net sellers of South African stocks Monday, disposing of 359m rand worth of shares, according to data compiled by exchange operator, JSE Ltd., in a sixth consecutive day of outflows.NEWS:Gold Miners Jump With Berkshire Sending Barrick to 2013 High (2)Most South Africans Use Debt to Survive to Payday, Survey FindFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/18/2020
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European stocks lower on recovery concerns with virus cases on the rise
- European stocks traded lower on Tuesday on a quiet summer day, as investors weigh up evidence on how fast the recovery is progressing.
- 08/18/2020
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European shares fall as U.S.-China tensions, virus cases rise
- European shares fell on Tuesday as investors worried about escalating U.S.-China tensions and a resurgence in regional coronavirus cases, knocking shares of growth-sensitive cyclical sectors lower. The pan-European STOXX 600 index fell 0.5% by 0713 GMT, with banks, energy firms, insurers and automakers falling between 0.8% and 0.9%. Asian stocks made cautious gains after the Trump administration said it will tighten curbs on China's Huawei Technologies Co, to crack down on its access to commercially available chips, while ratcheting up tensions with Beijing.
- 08/18/2020
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BHP Posts 4% Decline in Annual Profit Amid COVID-19 Slowdown; Warns Slow Growth Recovery Outside China
- BHP Group, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company, reported a decline in annual profit of nearly 4% to $9.06 billion in the second quarter and said except China, all other major economies will contract this year as a result of the COVID-19 pandemic.
- 08/18/2020
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BHP narrowly misses expected profit, warns of slowing growth outside China
- BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a more than 4% drop in annual profit that missed analysts' estimates. The warning came as BHP reported underlying profit attributable from continuing operations for the year ended June 30 fell to $9.06 billion - below estimates of $9.42 billion, according to Refinitiv IBES data. "With the exception of China, the world's major economies will contract during the 2020 calendar year as a result of the COVID-19 pandemic," Chief Executive Officer Mike Henry said in a statement.
- 08/18/2020
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The World’s Top Miner Broadens Plans to Exit Coal Operations
- (Bloomberg) -- BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to reshape the world’s top miner’s portfolio for a low-emissions future.The producer aims to sell, or spinoff, its 80% share in the BHP Mitsui Coal joint venture, which owns two coking coal operations in Australia, along with exiting thermal coal mines and some oil and gas operations, the company said Tuesday when reporting annual profits held steady at $9.1 billion, boosted by higher iron ore prices.Henry, installed as chief executive officer in January, is focusing BHP on supplying higher-quality iron ore and coking coal to capture China’s shift to prioritize premium raw materials for its steel sector. At the same time, he’s laying the ground for a longer-term transition to favor growth in copper and nickel to meet expected rising demand from renewable energy and the electrification of transport.“The world is rapidly changing with decarbonization of energy sources, population growth and the drive for higher living standards in the developing world,” the company said. “It will require us to continue to be active portfolio managers.”BHP has been considering plans to offload its Australian thermal coal mine and one-third stake in the Cerrejon operation in Colombia for more than a year and has rejected some early offers, people familiar with the matter said last month. A process to exit those mines, and the coking coal venture with Mitsui & Co., will now advance options for trade sales, or a demerger into a separate listed entity.Read more: BHP Is Said to Rebuff Early Bids Under Plan to Quit Thermal CoalThe company confirmed it will also plan to sell its 50% stake in the Bass Strait oil and gas joint venture with Exxon Mobil Corp. in southeastern Australia. Exxon said in September it also plans to exit. “We will seek to divest oil and gas assets that are mature or which are likely to realize greater value under different ownership,” Henry said.A decision on adding potash production through the initial development of the Jansen project in Canada has been delayed until mid-2021, BHP said. The project, which may cost as much as $5.7 billion, could benefit from improving supply and demand dynamics from the late 2020s or early 2030s, the company said.To support plans to reshape BHP’s portfolio, Henry promoted Johan van Jaarsveld as Chief Development Officer. In other appointments, Laura Tyler was moved into a new role as Chief Technical Officer and Ragnar Udd will become President, Minerals Americas.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/18/2020
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BHP to put its Australian Bass Strait oil and gas assets up for sale
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BHP full-year profit falls 4% on pandemic hit
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BHP Group (BHP) CEO Mike Henry on Q4 2020 Results - Earnings Call Transcript
- BHP Group (NYSE:BHP) Q4 2020 Earnings Conference Call August 17, 2020 06:30 PM ET Company Participants Mike Henry - Chief Executive Officer Peter Beaven - Chief Financial Officer Conference Call Participants Presentation Mike Henry Thank you for joining Peter Beaven and me.
- 08/17/2020
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BHP Group 2020 Q4 - Results - Earnings Call Presentation
- The following slide deck was published by BHP Group in conjunction with their 2020 Q4 earnings call.
- 08/17/2020
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A Sharp Market Selloff Looms Amidst A Historic Capital Rotation
- Investor enthusiasm has become ebullient in the broader stock market and the bond market. Absolute valuations and relative valuations are trading at extreme levels.
- 08/17/2020
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Is BHP Group (BHP) Stock Outpacing Its Basic Materials Peers This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 08/13/2020
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Shareholders seek BHP moratorium on Australian cultural site damage
- The BHP Group mining company must commit to not damaging Aboriginal cultural sites as its expands its operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday. The proposal comes before BHP's financial results, due out next week, and after a government enquiry into how peer Rio Tinto legally destroyed ancient caves that showed human habitation stretching back 46,000 years, as part of an iron ore mine expansion. The moratorium on damaging sacred sites would cut risk while the reform of the law is considered, the shareholder group, the Australasian Centre for Corporate Responsibility (ACCR), said in a statement.
- 08/13/2020
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Top Ranked Income Stocks to Buy for August 12th
- Top Ranked Income Stocks to Buy for August 12th
- 08/12/2020
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Did Hedge Funds Make The Right Call On BHP Group (BHP) ?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 08/10/2020
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BHP to pay $840 mln for early end to thermoelectric contract in Chile
- Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP, like other mining companies in Chile, has been migrating its energy contracts to renewable sources to reduce its carbon footprint. In a letter to the local securities regulator on Friday night, power company AES Gener - a unit of AES Corp - said that the end of the agreement signed with its Angamos plant was modified to August 2021.
- 08/08/2020
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BBL vs. BHP: Which Stock Is the Better Value Option?
- BBL vs. BHP: Which Stock Is the Better Value Option?
- 08/07/2020
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Miners need more engineers to meet new tailings dam safety standard
- Mining companies need more skilled engineers if they are to meet strict new global safety standards for tailings dams aimed at preventing catastrophic failures like those in recent years that have killed hundreds of people and inundated nearby communities with mine waste. Experts said miners had not placed as much importance on tailings management, with little prestige attached to the unglamorous work of trekking to remote mine waste dams where engineers analyze the consistency of the slurry and verify the integrity of the structure. In Brazil, more than 250 people died in 2019 when the Vale SA's Brumadinho upstream tailings dam collapsed, flooding the nearby community with mine waste.
- 08/05/2020
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Top Copper Nation Gets Tough on Water With BHP in Crosshairs
- (Bloomberg) -- Authorities in Chile are cracking down on water use by mines in the driest desert on earth, threatening future supply in the top copper-producing nation.On Friday, Chile’s environmental agency SMA charged BHP Group’s Escondida for allegedly drawing more water than allowed for almost 15 years in a move that could result in the loss of its permit, closure or a fine. Just to the south, state-owned Codelco has suspended a planned expansion of its Salvador mine until it can resolve a suit filed by the State Defense Council against the project’s proposed use of water.Mines that dot the parched Atacama desert are coming under increasing scrutiny for their use of water, with lithium giant Soc. Quimica & Minera de Chile SA facing a Supreme Court ruling after community complaints. Even in central Chile, scare water supplies have restricted output at Anglo American Plc’s Los Bronces mine and Codelco’s El Teniente.At Escondida, the regulator accuses the world’s biggest copper mine of a serious decline in the water table, alleging the operation failed to lower extraction at four control points since 2005 and reached triple the acceptable threshold in 2019. BHP has 10 days to present a compliance program in response to the charge.Escondida rejected the allegations, saying in an emailed statement that it ceased extraction from aquifers at the end of 2019 and now runs exclusively with desalinated water.“Escondida has never exceeded the restriction of 25 centimeters established as maximum acceptable decrease of the aquifer level in the monitoring area of the wetlands of Tilopozo,” it said.The suit against Salvador’s expansion threatens future supply given the project is needed to replenish falling ore grades at Codelco’s smallest and least profitable operation.(Updates with comment from Escondida)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/02/2020
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Chilean environmental watchdog announces "serious" charge against BHP's Escondida
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Australian miners Rio Tinto and Fortescue post record iron ore shipments as China industrial recovery continues
- Australian mining giants Rio Tinto and Fortescue Metals Group have joined BHP Group in reporting record shipments of iron ore, the bulk of it to China, as an infrastructure and property construction boom in the world's second largest economy drives a rebound in steel production.The companies have reported record earnings on the back of the iron ore shipments, even though exports of other minerals like aluminium and copper remain in the doldrums as the coronavirus pandemic saps global demand.Australia's record iron ore exports to China, combined with a surge in shipments of coking and thermal coal, indicate trade in the key industrial ingredients has not suffered because of a diplomatic spat between the two countries.Rio Tinto reported on Thursday its iron ore shipments to China in the first half of the year rose 3 per cent compared to the same period a year-earlier.This pushed earnings up 2 per cent and allowed the Anglo-Australian miner to promise a US$2.5 billion dividend payout for shareholders.Announcing its fourth quarter fiscal results, Fortescue projected that iron ore shipments to China would rise 6 per cent to 178 million tonnes for the full financial year ended in June, exceeding its target of 177 million tonnes. Full-year results will be announced in a few weeks.The miner said exports were buoyed by strong Chinese steel production of 499 million tonnes in the first six months of the year, 1.4 per cent higher than the same period last year.Rio Tinto chief executive Jean-Sebastien Jacques said China had effectively absorbed the additional iron ore diverted from weaker steel markets in Europe and Asia."The main market for our high-quality iron ore is China, which compared to the broader global economy has recovered exceedingly well," Jacques said while announcing company results on Wednesday."China's steel production and demand for iron ore in 2019 was strong and this has continued despite disruptions in the first quarter."In 2020, [China's] crude steel production has again exceeded the 1 billion tonne annualised run rate and June production was a new all-time high record."Steel markets in Europe, the United States, Japan, South Korea and Taiwan were still weak, Rio Tinto said.BHP also said last week it had met production targets for iron ore, thanks to China's economic recovery."In China, blast furnace utilisation rates have increased from around 80 per cent earlier in February 2020 to above 90 per cent in June 2020," BHP said in its financial year review."We continue to believe that if China can avoid a second wave of Covid-19, steel and pig iron production can both rise in the 2020 calendar year versus the prior year."Rio Tinto said Australia's contract-based iron ore shipments were strong, despite impacts from the coronavirus outbreak, allowing it to outperform other major miners such as Vale in Brazil, which has suffered from production restrictions and delays.But Vale, which has recently suffered setbacks including the Brumadinho dam collapse at its Corrego do Feijao mine, also saw profit recover in the second quarter thanks to higher iron ore prices. It said on Wednesday it would pay dividends that have been suspended since the dam accident last January.The continued demand for iron ore in China means Rio Tinto is committed to developing new iron ore projects at Simandou blocks 3 and 4 in Guinea, along with Chinese partner Chinalco Mining and the country's government.The diversified miner said it had drawn up plans to commission China-based design institutes to update and re-engineer the infrastructure of the project, which was approved in 2010."The Chinese are pretty active and they want to see a pathway to develop the two blocks," Jacques said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
- 07/31/2020
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Nickel Monthly News For The Month Of July 2020
- Nickel spot prices were higher in July, and the LME inventory was about the same as last month. Nickel 'battery' demand forecast to increase by 14x from 2019 to 2030.
- 07/30/2020
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Were Hedge Funds Right About Souring On BHP Group (BBL)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/27/2020
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Top Ranked Income Stocks to Buy for July 27th
- Top Ranked Income Stocks to Buy for July 27th
- 07/27/2020
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Brazil mayors say UK dam case vital in David-Goliath struggle with BHP
- A Brazilian mayor, part of a 200,000-strong group claim against miner BHP over a 2015 burst dam, has told an English court that suing the Anglo-Australian giant in Brazil would be like David fighting Goliath - without the biblical ending. Mario Antonio Coelho, mayor of Brazil's Barra Longa municipality, has told a jurisdictional hearing in Manchester that bringing the 5 billion pound ($6.3 billion) case in England over Brazil's worst environmental disaster is the only route to proper justice, court documents show. Duarte Junior, the mayor of Mariana, who has travelled to Manchester, northern England, with Rio Doce's mayor Silverio da Luz, urged BHP to listen to Brazilians.
- 07/27/2020
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Brazil tribes struggling to survive after dam burst to get day in court against BHP
- For the Krenak indigenous people who live along the Rio Doce in southeastern Brazil, the waterway was their community's lifeblood, a source of food and spiritual presence, where children were baptized and learned to swim. Five years later, the tribe says survival remains a struggle, despite living hundreds of kilometers downstream from the burst dam, and mourn a revered river they have long known as "Uatu": a sacred, omnipresent relative. "Uatu has died," Djanira Krenak, a 70-year-old Krenak matriarch and pajé, or spiritual leader, told Reuters in a video call -- her first, on a borrowed phone.
- 07/27/2020
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Cobalt Miners News For The Month Of July 2020
- Cobalt spot prices were little changed for the month and LME cobalt inventory was the same. Simon Moores [BMI] - By 2029 demand for cobalt will grow three times.
- 07/24/2020
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'Please mine more nickel,' Musk urges as Tesla boosts production
- Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk said on a post-earnings call on Wednesday. Nickel makes batteries energy dense so cars can run further on a single charge, and Tesla needs the metal more than ever as it looks to ramp up production of trucks and solar projects that use a lot of nickel.
- 07/23/2020
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BHP Faces Biggest U.K. Class Action Over Brazil Dam Collapse
- (Bloomberg) -- More than 200,000 Brazilians are asking British judges for the right to sue BHP Group, the world’s biggest mining company, in U.K. courts over the deadly collapse of a dam five years ago.Residents, businesses and local governments say BHP bears ultimate responsibility for the collapse of the Fundão Dam, which killed 19 people and caused lasting environmental damage. The facility was run by a company jointly owned by a BHP unit and Vale SA.At an eight-day hearing starting Wednesday in Manchester, U.K., judges will rule on whether British courts have jurisdiction over the case. If it goes ahead, it would be the biggest class action in U.K. history with the local groups seeking a total of 5 billion pounds ($6.33 billion).This is the latest in a series of group claims brought in the U.K. against British companies for the actions of their foreign units in developing countries. Melbourne-based BHP’s shares are listed in both the U.K. and Australia.In a landmark ruling last year, the U.K. Supreme Court allowed Zambian villagers to sue mining company Vedanta Resources Plc in Britiain over pollution caused by a mine, opening the door to similar claims. Last month, thousands of Nigerians sought permission to sue Royal Dutch Shell Plc in London over damage caused by oil spills in the Niger Delta.“Until there is a change in corporate behavior, I think this type of litigation is likely to increase,” said Tom Goodhead, a lawyer representing the plaintiffs at law firm PGMBM.But BHP said that the Manchester case duplicates legal proceedings in Brazil and shouldn’t be allowed to go ahead.“BHP’s overarching position remains that the proceedings do not belong in the U.K.,” BHP said in a statement.Safety warningsThe Fundão Dam was used to store iron ore tailings, a toxic waste produced during the processing of mined mineral. Its collapse destroyed entire villages, polluted rivers and devastated natural habitats.The joint venture, Samarco, allegedly ignored safety warnings as it increased iron ore production and tailings storage at the dam, PGMBM said in court filings ahead of the hearing. BHP representatives had been informed of serious structural failings in a report two years earlier, the claimants said.BHP said it is committed to supporting ongoing remediation and compensation through the Renova Foundation, an out-of-court compensation scheme, to which the company made a provision of $1.7 billion.The Renova Foundation had announced it was suspending payments to thousands of victims it alleged had provided false information, but a Brazilian judge ordered the Foundation to resume aid last week.Thousands of individual claims against Samarco are ongoing in Brazil.An appeal is currently pending against the dismissal of a class action filed in New York on behalf of Samarco bondholders, while a separate class action by BHP investors has been filed in Australia, according to company filings. Brazilian prosecutors are also continuing to challenge the dismissal of some criminal charges in the case, BHP said in a February statement.Other cases linked to large-scale environmental damage have taken decades to be processed in the Brazilian courts, and the claimants are hoping to obtain quicker results in the U.K. The current proceedings in the British courts don’t target Vale.Work to reopen the joint venture in Brazil has been slowed, in part because of measures to respond to Covid-19, BHP said in a separate statement this week.(Updated with additional information about the Renova Foundation in 12th paragraph and details of other legal proceedings in 14th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/22/2020
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BHP labels English lawsuit over Brazil dam failure pointless, wasteful
- Anglo-Australian miner BHP has dismissed as pointless and wasteful a 5 billion pound ($6.3 billion) English lawsuit by 200,000 Brazilian people and groups over the 2015 collapse of a dam that led to Brazil's worst environmental disaster. "These applications are ... brought because the attempt to export and duplicate the work being done in Brazil, including the litigation, to England, is pointless and wasteful," BHP said in legal documents. The hearing will establish whether the case can be tried in England, although the judge is expected to reserve judgment until around September.
- 07/22/2020
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Australia shares fall as record virus cases dent investor sentiment
- Australian shares closed lower on Wednesday, dragged down by the healthcare sector, as a record surge in COVID-19 cases in the country dented investor sentiment. Australia recorded 501 new coronavirus infections in the past 24 hours, its highest since the epidemic took hold in March, with Victoria state, of which Melbourne is the capital, accounting for almost 97% of the new cases. "The fact that metro Melbourne, which is about 5 million people, has already been in a lockdown for the last couple of weeks and still not seeing a drop in cases is probably something to be a little concerned about," said Steven Daghlian, market analyst at CommSec.
- 07/22/2020
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U.K. stocks edge higher on EU recovery deal and vaccine hopes but AstraZeneca falls
- U.K. stocks advanced on Tuesday, as investors cheered the European Union’s €750 billion coronavirus recovery plan and positive vaccine developments.
- 07/21/2020
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BHP Reports 4% Rise in Iron Ore Production in Fiscal 2020
- BHP Group (BHP) reports record iron ore production in the year ended Jun 30, 2020 driven by Western Australia Iron Ore operations.
- 07/21/2020
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FOREX-EU deal and vaccine hopes keep dollar at bay
- The deal provided support to fragile broader sentiment and, along with encouraging results from several COVID-19 vaccine trials, kept safe havens such as the greenback under pressure. The Australian dollar clung on above 70 U.S. cents after the central bank offered few surprises in minutes from last month's meeting or a speech from Governor Philip Lowe. Lowe said Australia's monetary policy would remain accommodative for as long as necessary and added that although he would prefer a cheaper Aussie dollar, its 27% recovery from March lows was supported by fundamentals.
- 07/21/2020
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BHP hits record iron ore output but warns of risks from virus
- BHP Group on Tuesday posted a 7% rise in fourth-quarter iron ore output, but warned the resurgence of COVID-19 outbreaks threatened the short-term demand outlook for its key commodities and widened its production guidance range for next year. Mining companies are banking on the recent uptick in industrial activity in China, the world's top metals consumer, to support prices and insulate them from uncertainty over demand elsewhere, as global coronavirus cases continue to spike. The world's biggest listed miner met guidance for its iron ore production of a record 67 million tonnes for the quarter, up 4%, and 248 million tonnes for the financial year, reflecting strong demand from top consumer China.
- 07/21/2020
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BHP Is Said to Rebuff Early Bids Under Plan to Quit Thermal Coal
- (Bloomberg) -- BHP Group has rejected early offers for its Australian thermal coal business that missed the miner’s own valuation as the year-long hunt for a buyer continues, according to people familiar with the matter.Yancoal Australia Ltd. and Adani Group’s Australian unit are among those to have had approaches for the Mt Arthur mine rebuffed, said the people, who asked not to be identified discussing private information. BHP may step up its search for a buyer in the coming months, according to some of the people.While there’s strong interest in thermal coal assets from private equity, there’s much less appetite among major miners to add production of the fuel. BHP itself is looking to exit the business as growing climate change concerns have weakened its long-term demand outlook and ratcheted up pressure from investors to ditch the dirtiest fossil fuel.BHP last year tapped Macquarie Group Ltd. to work on the potential sale of the wholly owned Mt Arthur asset and also tasked JPMorgan Chase & Co. with finding a buyer for its one-third stake in the Cerrejon thermal coal operation in Colombia, people familiar with the matter said in August.“Yancoal considers acquisitive growth opportunities as they arise, such as BHP’s thermal coal assets, and is committed to only acquiring appropriately priced assets of genuine future value,” a spokesperson for the Sydney-based company said in a statement.Adani’s Australian unit and BHP, which generates about 3% of its revenues from Mt Arthur and Cerrejon, both declined to comment.BHP will remain a major exporter of metallurgical coal for steel-making, with nine Australian mines.Mt Arthur, among Australia’s largest coal operations, may be worth about $1 billion, Credit Suisse Group AG said in a note last week.Thermal coal is “a small part of the portfolio,” BHP Chief Executive Officer Mike Henry said on an earnings call in February. “We see the downside scenarios as being greater than the upside, so if somebody presented an offer for us to exit for value, we’d consider that.”Executives, including Henry, have also said BHP would be happy to retain the asset rather than sell at a low price.Mt Arthur is forecast to have had production in the 12 months ended on June 30 of between 15 million and 17 million tons. BHP is scheduled to report output data next week.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/16/2020
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RPT-BHP faces first step in $6.3 billion UK claim over Brazil dam failure
- More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.
- 07/15/2020
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Board of Canada's Cornerstone rejects BHP-backed SolGold's offer for 2nd time
- The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. "For the second time, the Board is unanimous that SolGold's proposal substantially undervalues Cornerstone," Chairman Greg Chamandy, who has a 10% stake in the company, said in a statement. About 65% of Cornerstone shareholders have said they will not support SolGold's second offer.
- 07/15/2020
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BHP faces first step in $6.3 billion UK claim over Brazil dam failure
- More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.
- 07/14/2020
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Lundin defends early retirement package for Chile's Candelaria workers
- Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining Corp, on Tuesday rejected claims by the mine supervisors´ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers. Candelaria said the measure was part of an "optimization programme" to ensure the sustainability of its operation in Chile's northern Atacama region. Copper production out of Chile has not yet been significantly impacted since the coronavirus outbreak started in March.
- 07/14/2020
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BHP Group Offers A Fat Dividend Yield And Protection From Higher Inflation
- BHP Group could profit from rising inflation expectations, as this should drive its revenues upwards in the long run.
- 07/13/2020
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The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley
- The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley
- 07/09/2020
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BHP´s Escondida mine in Chile offers early retirement package amid pandemic, union balks
- Global miner BHP Group Ltd said on Wednesday its Escondida copper mine in Chile, the world's largest, had offered some workers the option for early retirement amid the coronavirus pandemic, a plan blasted by the company´s union as a scheme to oust the old and sick. Escondida said in a statement to Reuters the offer would provide an "improved" package of retirement benefits to workers who met its "requirements." Government mandates have already required the most vulnerable workers be sidelined to protect their health.
- 07/08/2020
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Top Stock Reports for Walmart, BHP & IBM
- Top Stock Reports for Walmart, BHP & IBM
- 07/08/2020
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Top Ranked Income Stocks to Buy for July 6th
- Top Ranked Income Stocks to Buy for July 6th
- 07/06/2020
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EMERGING MARKETS-Latam stocks up; Mexican, Colombian pesos lead FX gains
- * Mexican, Colombian pesos rise on oil prices * Chile's peso supported by copper gains * U.S. jobs report helps risk appetite * Rising COVID-19 cases still weigh (Adds comments, updates prices) By Shreyashi Sanyal July 2 (Reuters) - Latin American stocks and currencies rose on Thursday, led by oil- and metal-linked currencies, after record U.S. job gains boosted hopes for a swift recovery from the pandemic-triggered recession. Wall Street initially rallied on the news but tempered gains as Florida reported a record-shattering 10,000 new COVID-19 cases, fueling demand for the safe-haven dollar. Brazil's real and stocks gained after industrial production rose 7% in May, its second biggest monthly increase on record as economic activity started to pick up.
- 07/02/2020
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EMERGING MARKETS-Latam stocks rise; commodity-linked currencies lead gains
- * Mexican, Colombian pesos rise on oil prices * Chile's peso supported by copper gains * U.S. jobs report helps risk appetite * Rising COVID-19 cases still weigh By Ambar Warrick July 2 (Reuters) - Latin American stocks and currencies rose on Thursday as strong U.S. jobs data pointed to a swift economic recovery from the coronavirus, with oil- and metal-linked currencies leading gains. Closer to home, Brazil's real and stocks gained after industrial production rose 7% in May, its second biggest monthly increase on record as economic activity started to pick up.
- 07/02/2020
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GLOBAL MARKETS-Stocks skip higher ahead of U.S. jobs data
- World stocks rose for a fourth straight day on Thursday as encouraging coronavirus vaccine trials kept investors' spirits up ahead of what was expected to be a record rebound in U.S. jobs figures. Economists polled by Reuters expect a bumper 3 million U.S. jobs to have been added in June on top of the 2.5 million created in May, and some generally reassuring data from both Asia and Europe this week. Despite the ongoing rise in global virus cases, Asian equity markets saw their biggest daily climb in more than two weeks overnight, aided by news that a vaccine being trialled by Pfizer and Germany's BioNTech had been well tolerated in early-stage human tests.
- 07/02/2020
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GLOBAL MARKETS-Stocks skip higher ahead of U.S. jobs data
- World stocks rose for a fourth straight day on Thursday as encouraging coronavirus vaccine trials kept investors' spirits up ahead of what was expected to be a record rebound in U.S. jobs figures later. Economists polled by Reuters expect a bumper 3 million U.S. jobs to have been added in June on top of the 2.5 million created in May, and some generally reassuring data from both Asia and Europe this week. "The big thing today is the U.S. non-farm payrolls... but by and large risk has been bid and the dollar has been weakening," said RBC FX strategist Alvin Tan.
- 07/02/2020
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GLOBAL MARKETS-Asian stocks near 4-month highs on vaccine hopes, eyes on U.S. payrolls
- All eyes are on U.S. employment data, due later in the day, which are expected offer further cues into how the world's largest economy is coping with a rise in coronavirus cases in several states. In a sign the positive sentiment will extend elsewhere, E-minis for S&P500; rose 0.3% while futures for Euro Stoxx 50 rose 0.8% and those for Germany's DAX climbed 0.8%. Risk sentiment was whetted by a COVID-19 vaccine from Pfizer and Germany's BioNTech, which was found to be well tolerated in early-stage human trials.
- 07/02/2020
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GLOBAL MARKETS-Asian stocks rise on vaccine hopes, eyes on U.S. payrolls
- Asian stocks tracked Wall Street higher on Thursday although sentiment was cautious ahead of U.S. employment data while copper prices jumped to more than six-month highs on a better global outlook and supply fears in top producer Chile. Japan's Nikkei rose 0.4%, China's blue-chip index added 0.6% while Hong Kong's Hang Seng index climbed 1.7%. U.S. employment figures due later in the day are expected to show if the world's largest economy can sustain its fragile recovery as new COVID-19 cases accelerate in several southern states.
- 07/02/2020
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Mexico Sixth in Deaths; Australia Probes Hotspot: Virus Update
- (Bloomberg) -- Mexico overtook Spain in coronavirus deaths and is now the sixth hardest hit nation, while Australian police are probing alleged security lapses at Melbourne hotels used to quarantine overseas arrivals, including claims guards slept with guests.Brazil’s lower house approved delaying municipal elections by a month. Delivery staff at the biggest mobile app providers in the nation staged a one-day walkout to demand better working conditions.The latest surge in U.S. cases spurred areas including New York City and California to pull back on reopenings and more local governments instituted mask requirements. Apple Inc. will close more stores and McDonald’s Corp. paused resuming dine-in services.An early trial of an experimental vaccine from Pfizer Inc. and BioNtech SE showed promise, winning praise from Wall Street analysts and showing the industry remains on track for having a potential shot by January.Key Developments:Global Tracker: Global cases pass 10.6 million; Deaths top 514,000Young Americans party hard and spread virus fastArizona’s daily death record chips at Pence virus talking pointTourism industry’s losses seen exceeding $1.2 trillionAustralia opens borders for studentsChinese firm jumps to front in vaccine raceSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Hotel Quarantine Lapses Probed in Australia (8:35 a.m. HK)Australian police are probing alleged security lapses at Melbourne hotels used to quarantine overseas arrivals, including claims guards slept with guests.Health authorities are investigating whether the breaches have contributed to a resurgence of coronavirus in the nation’s second-largest city.Australian Health Minister Greg Hunt said on Thursday he supported a judicial review into “strong claims of inappropriate behavior” by guards employed by security companies contracted by Victoria’s state government. Mexico Now Has Sixth Deadliest Outbreak (8:33 a.m. HK)Mexico’s Covid-19 deaths rose by 741 to reach 28,510, leading the country to overtake Spain and have the world’s sixth deadliest outbreak, according to data released by the Health Ministry Wednesday night.Confirmed cases rose by 5,681 to 231,770. Deaths and cases in Mexico have increased steadily in recent weeks as Latin America has emerged as a hot spot for the pandemic. The country is also likely to soon overtake France, which has 29,864 deaths, according to data from Johns Hopkins University.JetBlue Guarantees No Furloughs in Pilot Accord (7:53 a.m. HK)JetBlue Airways Corp. agreed not to furlough any pilots involuntarily until May 1 in exchange for unspecified contract concessions designed to help the carrier cut expenses.The deal doesn’t include changes to pay rates or significant modifications in work rules, the JetBlue unit of the Air Line Pilots Association said Wednesday in a letter to members. The union said it couldn’t yet disclose short-term changes in portions of its contract from October through April, which will return to normal earlier “if demand for flying recovers.”N.Z. Health Minister Resigns, Citing Distraction (7:44 a.m. HK)New Zealand’s Health Minister David Clark has resigned, saying his remaining in the role would be a distraction from the government’s successful response to the coronavirus pandemic.Clark came under pressure after twice breaching the nation’s strict lockdown rules by traveling outside his local area to exercise. He offered to resign at the time, but Ardern retained him, saying it wouldn’t be appropriate to change ministers while the pandemic was raging.“The prime minister made it clear at the time that under normal circumstances she would have accepted that resignation, but she did not want significant disruption to the health system in the middle of the emergency response,” Clark told reporters today.Top Copper Producer Scales Back as Workers Fall Ill (7:38 a.m. HK)BHP Group announced plans to scale back one of its copper mines in Chile, while unions in the country push for safer conditions as more workers fall ill. In the first mining cutback since Covid-19 infections began to explode in Chile six weeks ago, BHP said its Cerro Colorado operation will “significantly” reduce activities and trim its workforce.Cerro Colorado is small and has a short mine life, but the decision stokes concerns over whether the top copper-producing nation can maintain output at high levels as the virus spreads.Brazil Delays Municipal Election By a Month (7:13 a.m. HK)Brazil delayed this year’s municipal elections by a month as the country struggles to control the coronavirus pandemic.Brazil’s lower house of congress approved on Wednesday a constitutional amendment to postpone the first round of the election, initially scheduled to October, to November 15. Run-off votes will take place on November 29th. The proposal, which had already been approved by the Senate, is ready to be signed into law by the president of Congress.Delivery staff at Brazil’s biggest mobile app providers staged a one-day nationwide walkout Wednesday to demand better working conditions and highlight the country’s increased dependence on the informal labor market. Demands by staffers for apps such as Uber Eats, Rappi, Loggi, and iFood include increased pay per delivery, benefits such as life insurance and coverage for on-the-job injuries, personal protective equipment during the pandemic, and meal vouchers.Trump Says Masks ‘Good’ But Questions Mandates (6:46 a.m. HK)President Donald Trump said he’d wear a mask if he were “in a tight situation with people” but that he’s not convinced they should be required even as coronavirus cases are spiking in parts of the U.S.“I don’t know if you need mandatory,” Trump said Wednesday in a Fox Business Network interview. “I’m all for masks, I think masks are good.”Trump has mocked his Democratic challenger, Joe Biden, for wearing a mask and hasn’t publicly worn one, though he is facing calls to do so. His comments come a day after Surgeon General Jerome Adams said: “Please, please, please wear a face covering when you go out in public.”Trump added that Americans should “do what makes you feel good” and follow guidelines, and alluded in both interviews to wearing a face covering during a tour of a ventilator plant in Michigan. In that visit, he opted not to wear the covering in front of the media but was photographed masked during a private part of the tour.McDonald’s Halts Resuming U.S. Dine-In (6:20 a.m. HK)McDonald’s Corp. is pausing the resumption of all dine-in services in its U.S. restaurants as the coronavirus outbreak flares up in areas across the country.The halt will last for 21 days, the fast-food chain said in an internal letter that was viewed by Bloomberg. Locations that have already reopened their dining rooms should consult guidance from local and state officials on whether to roll back services, according to the letter, which was signed by Joe Erlinger, McDonald’s U.S. president, and Mark Salebra, head of the National Franchisee Leadership Alliance.Florida’s Miami-Dade to Require Masks (6 a.m. HK)Miami-Dade County, Florida’s most populous, will start requiring masks in all public spaces.Mayor Carlos Gimenez said he will sign an emergency order later Wednesday, according to an emailed statement. Masks were previously required in indoor public spaces and outdoors when effective social distancing was not possible.Under the new rules, masks must be used outdoors “with few exceptions,” the statement said.Texas Posts Record Rise in Cases (4:58 p.m. NY)Texas posted a record 8,076 new virus cases, pushing the total to 168,062, according to state health department figures. Fatalities jumped by 57 to 2,481 for the biggest one-day increase since May 14.The state’s positive-test rate has been above 13% for four days, the longest stretch above that threshold since the pandemic emerged.U.S. Cases Rise 1.8% (4 p.m. NY)Coronavirus cases in the U.S. rose by 46,065 from a day earlier to 2.66 million, according to data collected by Johns Hopkins University and Bloomberg News. The 1.8% rise was in line with the average daily increase over the past week. Deaths rose 0.9% to 127,681.Florida reported 158,997 cases, up 4.3% from a day earlier, compared with an average increase of 5.7% in the previous seven days. Deaths reached 3,550, an increase of 1.3%.Arizona reported 4,878 new cases, a record number for the state. That brought the total number of cases to 84,092. It also reported 88 new deaths, another one-day record that put the total at 1,720.California reported 9,740 new infections, its biggest-ever daily jump. The 4.4% rise in cases exceeded the seven-day average of a 2.8% increase, data compiled by Bloomberg show.California Closes Indoor Dining in Hard-Hit Counties (3:41 p.m. NY)California Governor Gavin Newsom ordered the shutdown of indoor businesses including restaurants, bars, museums and movie theaters in 19 counties as the state grapples with a surge of infections from the coronavirus.The areas affected include Los Angeles County, the hardest-hit part of the state, and in total account for about 70% of California’s population, Newsom said at a press briefing Wednesday.Pennsylvania Mandates Masks (3:30 p.m. NY)People in Pennsylvania must now wear masks when leaving home, Governor Tom Wolf announced Wednesday.“This mask-wearing order is essential to stopping the recent increase in Covid-19 cases we have seen in Pennsylvania,” Wolf, a Democrat, said in a statement.Pennsylvania has 84,751 confirmed coronavirus cases and 6,649 deaths, according to its website.South Africa Reports Record Case Increase (3:30 p.m.
- 07/02/2020
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BHP´s Cerro Colorado copper mine in Chile to scale down operations
- Global miner BHP said on Wednesday it would begin to ramp down activity at its small Cerro Colorado copper mine in Chile amid the coronavirus pandemic which has thrown metals markets into disarray. Cerro Colorado produced 71,700 tonnes of copper in 2019, or approximately 1.2% of Chile´s total. "This measure is necessary to maintain a viable operation during the years that remain... which will be marked by high uncertainty and financial volatility," the company said in a statement.
- 07/01/2020
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Nickel Monthly News For The Month Of June 2020
- Nickel spot prices were little changed in June, and the LME inventory was about the same as last month. Nickel market news - Woodmac - As demand from the electr
- 06/30/2020
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Chevron Snaps Up Gas Sales Deal With BHP in Western Australia
- Chevron (CVX)-run Gorgon and Wheatstone natural gas facilities are expected to churn out 500 terajoules of domestic gas daily for the Western Australian market.
- 06/29/2020
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BHP Group: Improving Metal Prices Pave Way For Gradual But Sustainable Price Recovery
- Iron ore business delivered strong margins, and the outlook is supported by rising iron ore prices. FY 2020 copper production is expected to remain in line with
- 06/26/2020
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Top Ranked Income Stocks to Buy for June 25th
- Top Ranked Income Stocks to Buy for June 25th
- 06/25/2020
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Chevron Clinches Australia Gas Deal With BHP Nickel West
- U.S. energy giant Chevron Corp. (CVX) said it clinched a deal in Australia with BHP’s (BHP) Nickel West unit for the delivery of natural gas.Starting in July, Chevron will supply BHP Nickel West with a total of 22 petajoules of equity domestic gas from its Wheatstone facility over a 3.5 year term. Financial terms of the agreement weren’t disclosed.Chevron Australia Managing Director Al Williams said the agreement highlighted the important role of natural gas in powering critical industries, such as mining, across the state.“Chevron is committed to delivering natural gas supplies to Western Australian homes and businesses, helping to power local jobs, industry and communities,” Williams said. “As a reliable and cost-effective way to generate electricity, natural gas is a vital energy source for current and future energy needs of Western Australian industry.”At full capacity, the Chevron-operated Gorgon and Wheatstone natural gas facilities will produce 500 terajoules per day of domestic gas for the Western Australian market – enough to generate electricity for 4.3 million households.Chevron has been present in Australia for more than 60 years and operates the country’s largest onshore oilfield on Barrow Island and is a significant investor in exploration.Chevron stock, which fell sharply with the onset of the coronavirus pandemic, has gained back part of its losses over the past three months. However, shares are still down 27% for the year. They fell 4% to $87.77 in midday trading on Wednesday.Morgan Stanley analyst Devin McDermott this month reiterated a Buy rating on the stock with a $103 price target, citing the macro backdrop improvement, sustained higher prices needed to increase capex, and the focus on lower emissions and breakthrough technologies."CVX remains our preferred US integrated oil stock, offering peer-leading cash flow anchored by low-risk investments, a differentiated value proposition in the sector – particularly in the current uncertain macro backdrop,” McDermott wrote in a note to investors. “The strategy supports its ~6% dividend yield, all with a low corporate breakeven and strong balance sheet that make the strategy resilient through the cycle, while retaining attractive leverage to any potential oil price recovery."Wall Street analysts are cautiously optimistic on the stock. The Moderate Buy consensus breaks down into 9 Buy analyst ratings versus 5 Hold ratings and 1 Sell rating. The $101.15 average analyst price target indicates 15% upside potential from current levels over the next 12 months. (See Chevron stock analysis on TipRanks).Related News: Chevron to Make Sweeping Job Cuts as Oil Demand Plummets Plug Power Spikes 16% On Savvy Hydrogen Deals, Boosted Guidance Carnival’s Credit Rating Cut To Junk Status At S&P; On Weak Demand Prospect More recent articles from Smarter Analyst: * Dell, VMware Spike In Pre-Market On Report Dell Is Mulling Spinoff Of $50B Stake * Electronic Arts CEO Wants More Star Wars Games With Disney * Credit Suisse To Buy Up To 35% Stake In Brazil’s Digital Bank Modalmais * UK Relaxes Rules On GWPH Cannabis Drug Epidyolex; Analysts Bullish On Stock’s Prospects
- 06/24/2020
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Cobalt Miners News For The Month Of June 2020
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Is BHP Group (BHP) A Good Stock To Buy?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/23/2020
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Chile´s Codelco beefs up sanitary measures at its largest copper mine
- Chile´s state-run Codelco said on Monday it would implement new measures at its El Teniente copper mine, the company´s largest deposit, to maintain operations amid increasing worker angst over the fast-spreading coronavirus. The world´s top copper producer said it would move to a 14-day on, 14-day off shift schedule at El Teniente, and that it would begin to test workers three times per shift for COVID-19. The "extraordinary measures" would allow it to "ensure the continuity of operations and the contribution of El Teniente to the country," the company said in a statement.
- 06/22/2020
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Do BHP Group's (ASX:BHP) Earnings Warrant Your Attention?
- Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
- 06/21/2020
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Lawyer asks UN to intervene with Cerrejon mine on behalf of indigenous Colombians
- A British barrister is asking the United Nations Special Rapporteur to intervene with coal miner Cerrejon on behalf of Wayuu indigenous people in Colombia allegedly suffering damage to their health amid the coronavirus pandemic. Cerrejon, which is owned equally by BHP Group, Anglo American and Glencore, rejected the allegations, saying information in the claim was wrong. Cerrejon had initially reduced operations during Colombia's nationwide quarantine, but began normalizing its work last month.
- 06/18/2020
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Hedge Funds Aren’t Crazy About BHP Group (BBL) Anymore
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/18/2020
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Bangkok Bank Public Company Ltd. (Hong Kong) -- Moody's assigns Baa2 to Minor International's proposed securities guaranteed by Bangkok Bank
- Moody's Investors Service has assigned a Baa2 backed senior unsecured rating to the proposed perpetual securities to be issued by Minor International Public Company Limited (Minor) and guaranteed by Bangkok Bank Public Company Limited (Hong Kong) (BBL, Baa1 stable). The Baa2 rating on the perpetual securities takes into account (1) BBL's A3(cr) counterparty risk assessment (CRA) and its Baa1 foreign currency senior unsecured rating, (2) the terms and conditions of the notes and the guarantee including the ranking of the guarantee pari passu to BBL's all other present and future unsecured and senior obligations; and (3) the potential for economic loss to investors due to non-compounding of deferred coupons for first 12 months since deferral. The delayed compounding as required under regulations in Thailand could result in an economic loss to the investors in these securities, if coupons are deferred.
- 06/18/2020
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Chile copper mine workers seek dialogue as coronavirus outbreak explodes
- Unionized copper mine workers in Chile asked on Wednesday to be included in a dialogue between companies and the government to address the exploding coronavirus crisis in the world´s top producer of the red metal. The Chilean Mines Federation - which groups the workers at Chile's principal copper deposits - has softened its tone since demanding on Sunday that authorities strengthen enforcement of safety rules following an "alarming" increase in coronavirus cases among miners. "We want to request, as the largest mining organization in Chile, a three-way dialogue ... to prevent even more mine workers from becoming infected," the group said in a statement.
- 06/17/2020
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Top Ranked Income Stocks to Buy for June 17th
- Top Ranked Income Stocks to Buy for June 17th
- 06/17/2020
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Copper sustainable group expects more members following Rio Tinto's units
- Copper Mark, a traceability system launched by the International Copper Association (ICA), expected more members this year after two units of mining giant Rio Tinto joined in May. Copper Mark was launched in April as part of ICA's effort to bring the whole copper supply chain in par with the rising standards and expectations for responsible copper production. It welcomed Oyu Tolgoi LLC in Mongolia and Kennecott Utah Copper LLC in the United States, both owned by Rio Tinto, and expected members of the ICA to be among the early adopters, said Michele Brulhart, its executive director.
- 06/17/2020
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The Zacks Analyst Blog Highlights: VALE, BHP, RIO and FSUGY
- The Zacks Analyst Blog Highlights: VALE, BHP, RIO and FSUGY
- 06/16/2020
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The Zacks Analyst Blog Highlights: Tesla, BHP and Blackrock
- The Zacks Analyst Blog Highlights: Tesla, BHP and Blackrock
- 06/16/2020
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Chile says copper miners complying with sanitary measures amid outbreak
- A Chilean regulator on Tuesday dismissed the concerns voiced by union workers that mining companies were failing to enforce sanitary measures to combat the spread of the coronavirus, calling mine adherence to the restrictions "adequate." "We have verified on the ground an adequate implementation by the industry and its workers of ... the respective protocols," the agency said in the statement. Chile, unlike neighboring Peru, has yet to require mines to limit operations, even as the number of cases nationwide has soared.
- 06/16/2020
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What's So Special About These 3 Mining Stocks?
- Here are 5 stocks with improving prospects.
- 06/15/2020
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Chilean copper miners labor group alleges 'alarming' rise in coronavirus cases
- Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an "alarming" increase in coronavirus cases among workers. In a statement signed by the union leadership of state-owned Codelco, the Mines Federation - which groups the majority of workers for Chile's major copper mines - rejected the "business as usual" discourse advanced by miners and the mines minister, Baldo Prokurica. The statement comes just days after unionized workers at Codelco, the world’s largest copper miner, said they were weighing walking off the job at some sites in order to implement a self-imposed quarantine after one of their members died from COVID-19.
- 06/14/2020
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Australia to spend $1 billion more on infrastructure, fast-track projects - PM to say
- Australia will spend another A$1.5 billion ($1.03 billion) on infrastructure and fast-track approval for projects including the expansion of BHP Group's Olympic Dam in a bid to stimulate its ailing economy, Prime Minister Scott Morrison will say on Monday. In March, Australia shut down large swathes of its economy to slow the spread of coronavirus. Australia has already brought forward A$3.8 billion in infrastructure spending, but Morrison will on Monday promise a further A$1.5 billion in funds.
- 06/14/2020
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'Health, then production': Unions ramp up pressure on Chile copper miner Codelco
- Unionized mine workers in Chile, the world´s top copper producer, warned on Thursday that health should take precedence over output, one day after state-run Codelco´s unions threatened a walk-out at some of its operations. Workers with the Federation of Copper Workers alleged an "alarming" spike in coronavirus cases at some mines, one week after a miner at the company´s massive Chuquicamata mine died from COVID-19. "This is a general warning, in case the administration does not take the measures," Liliana Ugarte, head of the Chuquicamata 2 union, told Reuters on Thursday.
- 06/11/2020
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New Strong Buy Stocks For June 11th
- New Strong Buy Stocks For June 11th
- 06/11/2020
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The Zacks Analyst Blog Highlights: Apple, Wells Fargo, BHP Group, Amazon.com and Marriott International
- The Zacks Analyst Blog Highlights: Apple, Wells Fargo, BHP Group, Amazon.com and Marriott International
- 06/11/2020
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Australian state says BHP can disturb 40 sacred sites in mine expansion
- Western Australia approved BHP Group's application to disturb 40 culturally significant Aboriginal sites as part of a mine expansion, the state government said on Thursday, days after Rio Tinto blew up sacred rock caves in the same area. State Aboriginal Affairs Minister Ben Wyatt said in a statement he had approved BHP's application to "impact" the sites in the iron ore-rich Pilbara region, where BHP is planning its $3.4 billion South Flank expansion.
- 06/11/2020
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Top Research Reports for Apple, Wells Fargo & BHP Group
- Top Research Reports for Apple, Wells Fargo & BHP Group
- 06/10/2020
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Bank Permata Tbk (P.T.) -- Moody's upgrades Bank Permata's ratings following completion of acquisition by Bangkok Bank
- Moody's Investors Service has today upgraded the long-term local and foreign currency deposit ratings of Bank Permata Tbk (P.T.) (Bank Permata) to Baa2 from Baa3. Moody's has also upgraded the bank's Adjusted Baseline Credit Assessment (BCA) to baa2 from ba1 and affirmed its BCA at ba1.
- 06/09/2020
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Iron Ore Prices Surge as Vale Ordered to Shut Itabira Mines
- Concerns over worsening coronavirus situation in Brazil likely to lead to a supply crunch for iron ore as demand in China remains strong have driven iron prices north.
- 06/08/2020
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Shares of several basic materials companies are trading higher following strong US jobs data and continued optimism amid the reopening of the economy. These have lead hopes of an economic rebound and an increase in materials demand.
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Iron-Ore Prices Surge on Impending Demand-Supply Imbalance
- Iron-ore prices are riding high on increased demand from China and fears of supply disruption as coronavirus cases spike in Brazil.
- 06/04/2020
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The Zacks Analyst Blog Highlights: Pfizer, Comcast, salesforce.com, Costco Wholesale and BHP Group
- The Zacks Analyst Blog Highlights: Pfizer, Comcast, salesforce.com, Costco Wholesale and BHP Group
- 06/03/2020
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Top Research Reports for Pfizer, Comcast & salesforce
- Top Research Reports for Pfizer, Comcast & salesforce
- 06/02/2020
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Shares of several basic materials companies are trading higher amid market strength as investors watch for continued US business reopenings, which could lead to a rebound in economic activity and demand for materials.
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Petra Diamonds Limited -- Moody's changes Petra Diamonds' PDR to Ca-PD/LD following default at end of grace period
- Moody's Investors Service, ("Moody's") has today changed Petra Diamonds Limited's (Petra) probability of default rating (PDR) to Ca-PD/LD. Petra's Caa3 corporate family rating (CFR) and Ca ratings on the $650 million guaranteed senior secured second lien notes due in May 2022 issued by Petra Diamonds US$ Treasury Plc remain unchanged. Moody's has appended Petra's PDR of Ca-PD with the "/LD" indicator following the expiration of the grace period on the $23.6 million coupon payment that was due on 1 May 2020 in relation to the $650 million notes.
- 06/01/2020
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Gold M&A back on the agenda as coronavirus restrictions ease
- A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. "Our industry is considering coronavirus a thing of the past as most countries are easing lockdowns and this should propel M&A; activity again," said Ingo Hofmaier, SolGold’s executive general manager of project and corporate finance.
- 05/29/2020
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FOCUS-Pandemic saps union clout as talks loom with Chile copper miners
- Chile's powerful copper unions are headed into contract talks with a hand weakened by the coronavirus pandemic, giving an edge to miners like Codelco, Glencore and Antofagasta in negotiations that could influence wages and benefits for years. Chile's generally well-paid copper mine workers argue they should be adequately compensated for working in a riskier environment to keep pits open during the pandemic. Union leaders said it would be harder to achieve wage hikes, bonuses and benefit boosts now that the pandemic has swept through the global copper market and hit profits for miners in Chile, the world's top producer.
- 05/29/2020
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Reasons to Hold BHP Group (BHP) Stock in Your Portfolio Now
- Investors can retain BHP Group (BHP) stock in their portfolio, for the time being, on the company's solid prospects.
- 05/21/2020
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Shares of several basic materials companies are trading higher amid market strength, potentially on economic optimism following earnings from some US retailers and as investors weigh reopening of US states.
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Shares of several basic materials companies are trading higher in sympathy with the overall market as optimism around a coronavirus vaccine increased follows news from Moderna.
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Sand Grove Capital Management LLP Buys ForeScout Technologies Inc, Caesars Entertainment Corp, ...
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Norway wealth fund excludes Glencore, Anglo American, RWE, others for coal use and production
- Norway's $1 trillion sovereign wealth fund said on Wednesday it was excluding Glencore , Anglo American, RWE, Sasol and AGL Energy for their use and production of coal under updated ethical guidelines. Another set of companies - BHP , Uniper , Enel and Vistra Energy - were put under observation for possible exclusion at a later stage if they do not address their use or production of coal.
- 05/13/2020
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The Zacks Analyst Blog Highlights: Amgen, BHP, Altria, Apple and Target
- The Zacks Analyst Blog Highlights: Amgen, BHP, Altria, Apple and Target
- 05/12/2020
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Chile mining trade group sees copper supply glut of 200,000 tonnes in 2020
- The copper market will see a supply glut of 200,000 tonnes this year as the economic impact of coronavirus hits global demand for the metal, a Chilean industry group told Reuters. Diego Hernandez, president of Sonami, an association of mining companies with operations in top producer Chile, said both supply and demand would drop as the global economy falters. The association anticipates supply to fall by 3%, which, combined with a decline in scrap metal recovery, would leave a balance of 200,000 tonnes, Hernandez said.
- 05/11/2020
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Top Research Reports for Amgen, BHP, Altria & Others
- Top Research Reports for Amgen, BHP, Altria & Others
- 05/11/2020
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Petra Diamonds US$ Treasury Plc -- Moody's downgrades Petra Diamonds' CFR to Caa3 and PDR to Ca-PD; negative outlook
- Moody's Investors Service ("Moody's") has today downgraded Petra Diamonds Limited's (Petra) corporate family rating (CFR) to Caa3 from Caa2 and its probability of default rating (PDR) to Ca-PD from Caa2-PD. Moody's has also downgraded to Ca from Caa3 the rating on the $650 million guaranteed senior secured second lien notes due in May 2022 issued by Petra Diamonds US$ Treasury Plc, a wholly owned subsidiary of Petra.
- 05/11/2020
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BHP-backed SolGold agrees funding of up to $150 mln from Franco-Nevada
- BHP-backed SolGold Plc, the copper-gold company focused on Ecuador, has agreed a financing package of up to $150 million with streaming company Franco-Nevada Corp to develop its Alpala project, sending its shares up by around 10%. Toronto-listed Franco-Nevada, which provides miners and oil and gas producers with upfront cash in exchange for future production, will receive a perpetual 1% net smelter return (NSR) interest from SolGold. An initial funding of $100 million could be increased to $150 million, which would also increase the NSR for Franco Nevada, the company said in a release.
- 05/11/2020
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Shares of several basic materials companies are trading lower amid market weakness. Investors weigh the reopening of some US states, which has raised concerns of a possible resurgence in coronavirus cases.
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Shares of several basic materials companies are trading higher amid market strength after US job loss figures came in better than expected. The sector has been strong recently as several companies reported strong earnings and benefited from online services.
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Shares of several basic materials companies are trading higher amid continued economic optimism as some US states ease lockdown restrictions. While jobless claims came in worse than estimates, figures were lower than in prior weeks.
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Cqs (us), Llc Buys Merck Inc, Johnson & Johnson, Kimberly-Clark Corp, Sells Discovery Inc, ...
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Shares of several iron ore companies are trading higher amid positive market sentiment as some US states and China begin easing lockdown restrictions. A sooner return to economic activity could lead to a rebound in materials demand.
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Shares of several basic materials companies are trading lower on market weakness as investor uncertainty grows following quarterly earnings results from multiple companies.
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5 Basic Materials Stocks Moving In Friday's Pre-Market Session
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Shares of several basic material companies are trading lower amid market weakness following US jobless claims and consumer spending data.
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Shares of several basic materials companies are trading higher following positive data from a study of Gilead's Remdesivir, a potential coronavirus treatment candidate. A successful treatment could make a sooner return to economic activity and investment
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Were Hedge Funds Right About Broadcom Inc (AVGO)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/25/2020
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8,375 Shares in BHP Group PLC (NYSE:BBL) Purchased by Altium Wealth Management LLC
- Altium Wealth Management LLC acquired a new position in shares of BHP Group PLC (NYSE:BBL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,375 shares of the mining company’s stock, valued at approximately $254,000. A number of other hedge […]
- 04/25/2020
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Shares of several basic materials companies are trading higher as equities gain driven by a rebound in oil.
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Were Hedge Funds Right About Union Pacific Corporation (UNP)?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/22/2020
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Fund Report: The Mercator International Opportunity Fund Q1, 2020
- The Mercator International Opportunity Fund (MOPPX, MOOPX) was down 23.2% in Q1 vs. - 22.8% for the Morgan Stanley EAFE index. After a very strong year, equity
- 04/22/2020
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CFRA Maintains Hold on BHP Gr, Lowers Price Target to $12
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Shares of several basic material companies are trading lower on continued downward momentum after oil prices fell to historic lows, partially stemming from weak demand caused by the coronavirus outbreak.
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The EV Metals Miners Are The Cheapest They Have Been Since 2015/2016
- Global equity market and economic chaos caused by the coronavirus have made the EV metal miners go from being cheap to ridiculously cheap. A brief summary of th
- 04/20/2020
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Shares of several basic materials companies are trading lower as markets dip amid a steep decline in oil prices. The drop in oil has raised concerns over the economic impact of the coronavirus pandemic.
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Freeport-McMoRan: Copper Supply Disruptions And Use Of Metal To Fight COVID-19 Will Increase Price
- Copper is slated for a significant increase with a metric ton of the basic metal headed for the $6,000 mark before 2021. Smart manufacturing that influenced the
- 04/19/2020
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10 Of 73 April Materials Equities May Be Built To Survive Irrelevance
- These basic materials dividend dog prices and yields are all sourced from YCharts which allows a dividend yield to persist for 365 days after the most recent re
- 04/17/2020
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20 Basic Materials Stocks Moving In Friday's Pre-Market Session
- Gainers
• Cleveland-Cliffs, Inc. (NYSE:CLF) shares moved upwards by 7.23% to $3.78 during Friday's pre-market session. According to the most recent rating by Credit...
- 04/17/2020
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Shares of several basic materials companies are trading higher as equities gain on macro optimism after Gildead's Remdesivir drug showed some effectiveness in treating coronavirus patients. This has raised hopes of a sooner economic recovery.
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10 Basic Materials Stocks Moving In Wednesday's Pre-Market Session
- Losers
• Tronox Holdings, Inc. (NYSE:TROX) stock declined 8.84% to $5.36 during Wednesday's pre-market session.
• ArcelorMittal, Inc. (NYSE:MT) stock declined 6.97%...
- 04/15/2020
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Shares of several material stocks are trading lower amid a warning that oil demand will reach a 25-year low. This has negative implications for industrial production and construction.
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Bridge Creek Capital Management LLC Buys Truist Financial Corp, BHP Group PLC, Amazon. ...
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BofA Downgrades Caterpillar, Says Energy Problem Is Here To Stay
- Energy is a problem end market and Caterpillar Inc. (NYSE: CAT) has energy exposure throughout its product portfolio, according to BofA Securities.
The Caterpillar Analyst
BofA...
- 04/13/2020
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Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round
- SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding. Nearly half of the new money was meant to provide liquidity to employee sharehol…
- 04/08/2020
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Shares of several basic materials companies are trading higher amid positive market sentiment on optimism of coronavirus cases in some hotspots potentially leveling off. Slowing cases could mean a sooner return to economic activity.
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Shares of several basic materials companies are trading higher as markets gain amid optimism that coronavirus cases in several US hotspots may be peaking. A sooner peak could mean a sooner return to economic activity and basic materials demand.
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7 Basic Materials Stocks Moving In Thursday's Pre-Market Session
- Gainers
• Coeur Mining, Inc. (NYSE:CDE) shares increased by 8.54% to $2.86 during Thursday's pre-market session. The most recent rating by B. Riley FBR, on Mar 24, is at...
- 04/02/2020
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Shares of several basic materials companies are trading higher, potentially rebounding from yesterday's weakness. NOTE: Equities appear mixed through the session following US jobs data.
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Stocks - Xerox, HP Lower in Premarket After Merger Plan Breaks up
- By Geoffrey Smith
- 04/01/2020
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Report Report: Toxic air, ride sharing, carbon removal and rating the raters
- A wrap-up of recent research on sustainable business and the clean economy.
- 04/01/2020
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Shares of several basic material companies are trading lower amid market weakness as macro concerns continue to grow as a result of the coronavirus pandemic.
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The Global Aluminium Extruded Product Market is expected to grow from USD 31,348.37 Million in 2018 to USD 49,837.29 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 6.84%
- New York, March 27, 2020 -- Reportlinker.com announces the release of the report "Global Aluminium Extruded Product Market - Premium Insight, Competitive News Feed Analysis,.
- 03/27/2020
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5 Basic Materials Stocks Moving In Friday's Pre-Market Session
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Shares of several basic materials companies are trading higher after the White House and US Senate reached a $2 trillion stimulus agreement to support the economy amid coronavirus disruption.
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Shares of several basic materials companies are trading higher amid hopes of a US economic stimulus package agreement. The sector has been impacted by economic disruption caused by the coronavirus, which has hampered the demand outlook for materials.
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Shares of several basic materials companies are trading higher. The Federal Reserve on Monday Morning announced new stimulus measures, which has moved stocks higher. Basic materials demand outlook has been pressured by global economic disruption.
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Shares of several basic materials companies are trading higher, rebounding from recent weakness. Containment actions taken by California and economic stimulus measures have lifted markets higher though virus fears still persist globally.
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Teekay Offshore Announces Changes to its Board and Committees
- PEMBROKE, Bermuda, March 19, 2020 -- Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) announced the following changes to the Board of Directors of the.
- 03/19/2020
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10 Basic Materials Stocks Moving In Wednesday's Pre-Market Session
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Shares of several basic materials companies are trading higher, rebounding from Monday's crash. Stocks may also potentially be getting a boost from expectations of further stimulus proposals.
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Shares of several steel and materials stocks are trading lower amid investor concerns about a global recession driven by coronavirus. An economic slowdown would reduce demand for basic materials.
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11 Basic Materials Stocks Moving In Friday's Pre-Market Session
- Gainers
• Intrepid Potash, Inc. (NYSE:IPI) stock increased by 23.66% to $1.15 during Friday's pre-market session.
• Sibanye Stillwater, Inc. (NYSE:SBSW) shares rose...
- 03/13/2020
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Shares of several basic materials companies are trading higher, rebounding following Thursday's crash. The sector has been volatile amid the coronavirus outbreak, which has disrupted economic activity. NOTE: While markets rebound, virus fears persist.
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Stocks That Hit 52-Week Lows On Thursday
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Shares of several basic materials companies are trading lower as equities sell off amid continued global coronavirus concerns. The virus has caused global economic disruption and negatively impacted stocks across sectors.
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14 Basic Materials Stocks Moving In Wednesday's Pre-Market Session
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10 Basic Materials Stocks Gaining In Tuesday's Pre-Market Session
- Gainers
• Mechel, Inc. (NYSE:MTL) shares surged 13.13% to $2.24 during Tuesday's pre-market session.
• Alcoa, Inc. (NYSE:AA) shares increased by 8.98% to $9.47....
- 03/10/2020
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Fade Coronavirus With BHP Group - A Scale-Down Opportunity In The Commodity Giant
- Risk-off hits commodity prices. China is ground zero for the virus. China is the demand side of the fundamental equation. BHP is a diversified producer. The div
- 03/10/2020
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Shares of several basic materials companies are trading higher, rebounding from Monday's selloff. The basic materials space has been negatively impacted by the coronavirus outbreak, as the virus has disrupted economic activity globally.
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The Long Oil, Short Natural Gas Trade Is Officially Dead
- Crowded trades have been unwinding ever since the short volatility trade busted in the first quarter of 2018. Long oil and short natural gas is one of the most
- 03/09/2020
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101 Stocks Moving In Monday's Mid-Day Session
- Gainers
Spherix Incorporated (NASDAQ: SPEX) shares jumped 139% to $3.92 after jumping 131% on Friday.
AIM ImmunoTech Inc. (NYSE: AIM) shares jumped 63.1% to $3.43 amid the...
- 03/09/2020
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Shares of several basic materials companies are trading lower amid the global coronavirus outbreak, which has disrupted economic growth and hampered the demand for basic materials.
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6 Underperforming Guru Stocks
- Comcast makes the list Continue reading...
- 03/06/2020
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Stocks That Hit 52-Week Lows On Friday
- Friday morning, 940 companies set new 52-week lows.
Interesting Points:
The largest company by market cap to set a new 52-week low was Bank of America (NYSE: BAC).
The...
- 03/06/2020
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15 Basic Materials Stocks Moving In Friday's Pre-Market Session
- Gainers
Alamos Gold, Inc. (NYSE: AGI) shares surged 5.4% to $6.64 during Friday's pre-market session. The most recent rating by Credit Suisse, on January 16, is at...
- 03/06/2020
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Shares of several basic materials companies are trading lower amid the global coronavirus outbreak, which has weakened demand outlook and pressure commodity and materials prices.
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GWRE, BHP among premarket losers
- NeuroMetrix (NASDAQ:NURO) -18%.Guidewire Software (NYSE:GWRE) -14% on Q2 earnings.VBI Vaccines (NASDAQ:VBIV) -11% on FY earnings.Cellect Biotechnology (NASDAQ:APOP) -12%.Eros International (NYSE:EROS)
- 03/05/2020
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10 Basic Materials Stocks Moving In Thursday's Pre-Market Session
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31 Stocks Moving in Thursday's Pre-Market Session
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Shares of several basic materials companies are trading higher after Joe Biden took the delegate lead on Super Tuesday. Biden's more 'moderate' economic policies have been seen as more favorable for growth.
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Shares of several basic materials companies are trading lower as the global coronavirus spread continues to cause economic fears among investors, hampering the demand outlook for such materials.
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LNG Infrastructure Market: Growth, Trends and Forecast (2020-2025) - Key Players are JGC Holdings, Chiyoda, Bechtel, Fluor, McDermott Int'l, and Saipem
- Dublin, Feb. 28, 2020 -- The "LNG Infrastructure Market - Growth, Trends and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering..
- 02/28/2020
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Stocks That Hit 52-Week Lows On Friday
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Global LNG Infrastructure Market Outlook Report, 2020-2025
- The "LNG Infrastructure Market - Growth, Trends and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
- 02/27/2020
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Shares of several basic materials companies are trading lower as growing coronavirus fears hamper economic outlook.
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Shares of several basic materials companies are trading lower as markets fall amid the continued spread of the coronavirus, which has weighed on global economic outlook, impacting stocks across sectors.
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Shares of several basic materials companies are trading lower as coronavirus cases surge outside of China. NOTE: The virus has raised fear of a global economic slowdown.
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Antero Resources Is A Generational Buy: Dispelling The Myth Of Antero As High-Cost Producer
- This is the first in a three part series that is a partial public overview of a deeper dive cumulative research report I have done on Antero Resources. Personal
- 02/19/2020
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BMO Capital Markets to Host Global Metals & Mining Conference for 29th Year
- BMO Capital Markets to Host Global Metals & Mining Conference for 29th Year
- 02/18/2020
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14 Basic Materials Stocks Moving In Tuesday's Pre-Market Session
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Sand Grove Capital Management LLP Buys The Stars Group Inc, BHP Group PLC, Tiffany, Sells ...
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Tracking Ken Fisher's Fisher Asset Management Portfolio - Q4 2019 Update
- Fisher’s 13F portfolio value increased from $91.13B to $98.96B in Q4 2019. Apple, Visa, Microsoft, Amazon.com, and Alibaba Group Holdings are the largest five i
- 02/13/2020
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