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Good morning, iron ore futures rose US60 cents a tonne or 0.5% to US$121.79 a tonne yesterday after BHP Group said it expected China's economic recovery to boost demand:
https://twitter.com/CommSec/status/1616179657694662656
BHP sees China driving iron ore demand this year:
https://twitter.com/Sharecastcom/status/1616000080124809220
BHP Group posted record iron ore production for the first half of the fiscal year, predicting China would drive commodity demand in 2023:
https://twitter.com/business/status/1615938123116023810
ING:
"We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely further stimulus measures"
https://twitter.com/ING_Economics/status/1615323222471237634
Still tracking your other one Max
If they release good updates from EH can see it pushing on much further North.
GL
On Friday, iron ore futures lifted US$1.07 a tonne or 0.9% to US$122.33 a tonne. Over the week iron ore rose by US$5.76 a tonne or 4.9%:
https://twitter.com/CommSec/status/1614721932469088256
Haha max your all over this you gotta love dont ya!
Big Big year for the iron ore producers,will be looking ti take a position soon and offcourse as Max has probably already shared Alien metals worth a look their the new kid on the block with high grade DSO about to go into production Q2 2023,will be a big winner look at Fenix resources and what they achieved.
Good morning, iron ore futures lifted US24 cents a tonne or 0.2% to a fresh 6-month high of US$121.26 a tonne yesterday:
https://twitter.com/CommSec/status/1613632608860246016
The end of Covid restrictions in China has pushed up copper and iron ore prices, with the red metal passing $9,000 per tonne on Wednesday for the first time since June:
https://twitter.com/ftcommodities/status/1613207974071209986
The major miners advanced as iron ore futures held above US$120 a tonne. BHP jumped 1.5 per cent and hit a record high:
https://twitter.com/FinancialReview/status/1613046486907895809
BHP ticks all the boxes atm and the charts seem to show that we are rerunning the same upward movement we experienced a year ago whereby the SP moved from around 2100 up to 3000 but this time starting from 2438 or so - will this hit 3300 by mid march? Let's hope iiiiiiiiiit's..... GROUNDHOG DAY!!! GLA
Nice 1 Max
CHART OF THE DAY: The share price of BHP, the world's largest mining company, is flirting with a fresh record high (it's just 1% below the peak it set in March 2022, having rallied 35% since Oct). $BHP is a huge miner of iron ore, metallurgical coal, copper and nickel:
https://twitter.com/JavierBlas/status/1611369727049486337
China plans to relax the “three red lines” policy, which triggered a real estate meltdown of construction halts & a widespread mortgage boycott.
Iron Ore up on Asian Trade:
https://twitter.com/Sino_Market/status/1611205791008313345
Both the chart set up and the macros look good for this to see a decent move from here.
Yes, let's hope the £30 mark is reached again this year.
Expecting a strong year ahead for BHP.
Iron ore futures rose by US64 cents a tonne or 0.5% to US$117.79 a tonne:
https://twitter.com/CommSec/status/1610376561139789825
Iron ore price rises as more policy support looms in China! Most-traded May contract on China’s Dalian Commodity Exchange traded higher at $118.7 a ton:
https://twitter.com/Alpha_Bronze/status/1607734292582375424
"Good morning, iron ore futures rose by US$1.24 a tonne or 1.1% to US$110.50 a tonne yesterday":
https://twitter.com/CommSec/status/1603464780420771840
Commodities will be the best-performing asset class once again in 2023, handing investors returns of more than 40%, according to Goldman Sachs:
https://twitter.com/BNCommodities/status/1603329522295885824
China re-opening is just as bad as China lockdown.
The Chinese vaccine has been widely talked as being inferior to the western vaccine counterpart and don’t expect good news next yr from China.
We all know that China will not be buying the western vaccine to shore up there vaccine supplies as they want to be seen as the powerhouse.
Though we wait and see.
Merry xmas everyone
i hope BHP leave this OZ alone. HP are paying a premium to what is ahead of us. GLOBAL recession.
Leave it and come back n3xt year.
China will gradually relax Covid containment measures over the next seven months, resulting in a full reopening by mid-2023, Bloomberg Economics forecasts:
https://twitter.com/markets/status/1597885570721746946
China-focused firms rally on hopes of reopening
https://www.thetimes.co.uk/article/china-focused-firms-rally-on-hopes-of-reopening-30k3rptw7
London’s blue-chips miners rally! :)
Junior UFO Alien Metals which will be a low-cost producer of premium high-grade Iron Ore is up over 10%.