Iron miners: capex will not see strong comeback, says new research


In a new report published today, BMI Research says the firm’s analysts maintain their iron ore price forecast at $70/tonne for 2017 and $50/tonne for next year. “With the conclusion of the 19th National Party Congress and the consolidation of power around President Xi, the refocusing of Chinese economic growth …

Destiny 2 Iron Banner Guide – Start Date, Iron Banner Engrams and Rewards, Iron Banner Tokens and Milestones

The endgame Iron Banner event is now live in Destiny 2, and Bungie have made some changes since we last saw the Iron Banner in the original game. In this Destiny 2 Iron Banner guide, we’ll go over the exact date and time you can gain access to the Iron …

Chinese iron ore futures extend falls to third day as mills curb output

* Iron ore prices hit a two-week low * Mills cap output, further denting demand for ore * Gloomy outlook on the raw material SHANGHAI, Oct 27 (Reuters) – Chinese iron ore futures extended declines to hit a two-week low on Friday, poised for a weekly fall, as steelmakers in …

Iron ore climbs 5% in China despite steel capacity cuts

The price of iron ore rose as much as 5.7 per cent in China on Monday, briefly climbing above $70 per tonne as commodities traders appeared to shake off recent concerns that steel output cuts would put a long-term damper demand for the key steelmaking ingredient.Futures contracts for one tonne …

The FirstService Corp. (FSV) Rating Lowered to Strong Sell at The Zacks Investment Research

FirstService Corp. (NASDAQ:FSV) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday. According to Zacks, “FirstService Corporation offers property services to commercial, institutional and residential customers primarily in North America and internationally. Its operating segment consists of Commercial …

China iron ore hits 4-month low ahead of winter steel cuts

China’s iron ore futures dropped more than 2 percent to a four-month low on Monday and were on track for a second straight monthly drop as concerns grow about waning demand due to Beijing’s winter smog crackdown on steel mills. The most-active iron ore contract for January delivery on the …

Iron ore futures are getting smoked

Iron ore spot markets popped higher on Tuesday, benefiting from strength in Chinese steel prices. According to Metal Bulletin, the price for benchmark 62% fines jumped 1.6% to $63.17 a tonne, leaving it at the highest level since November 6. Higher and lower grade ores also rallied, albeit by a …

Iron ore market doesn’t warrant extra supply: Fortescue Metals Group

Fortescue Metals Group believes iron ore demand does not warrant further expansion of supply, despite Australia’s biggest iron ore exporter discussing production growth in recent weeks.Rio Tinto made headlines last week when a message to staff from chief executive Jean-Sebastien Jacques was revealed to contemplate lifting the miner’s iron ore …