|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||32.72 - 33.26|
|52 Week Range||27.86 - 35.21|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Electric vehicles are shaking more than just the auto industry. Melius Research's Rob Wertheimer and his team take a look at mining machinery today, after headlines about how EVs could drive demand. Earlier this week, Glencore said that Electric Vehicles may drive a 3-fold increase in cobalt, a 56% increase in nickel, and an 18% increase in copper demand by 2030.
Since China is the biggest consumer of seaborne iron ore (COMT), investors looking for clues about iron ore prices should track Chinese iron ore demand.
The volatility in the iron ore prices that characterized seaborne prices in 2017 is still continuing. While prices peaked at $95 per ton in February and hit a bottom of $53 per ton in July, they’ve been ...
Vale (VALE) has seen a significant shift of fortunes over the last few months. While only 25% of analysts had “buy” ratings on the stock at the start of 2017, currently, 54.2% of the 24 analysts covering ...
The majority of the ratings for BHP (BHP) are “buy” rating, at 56%. A total 18 analysts cover the stock currently, as per the consensus compiled by Thomson Reuters.
Barrick Gold has seen a declining trend in its correlation to gold over the past three years, while the other three miners witnessed a mixed trend in correlation.
A futures contract in commodities is an agreement to buy or sell a particular amount of a commodity at a fixed price on or before a certain date.
In October 2017, China’s iron ore imports dropped to their lowest level in more than a year to 79.5 million tons.
While Cleveland-Cliffs is affected by different factors than its seaborne peers (XME), its stock price still takes strong cues from iron ore prices.
The October Industrial Production report was released by the Fed on November 16 and showed a continued rebound in key sectors of the US economy.
While China’s demand indicators showed signs of moderation, there isn't a visible slowdown in the country’s steel production.
China’s October fixed asset investment, real estate investment, and industrial production data are all expected to be released on November 14.
Although steel stocks saw upward price action in the beginning of October, we saw selling pressure in the last week of the month. AK Steel (AKS) lost 17.9% in October and added to its 2017 losses.
Due to China’s appetite for imported iron ore, the stockpiles at Chinese ports are growing. This trend led China to shift from lower-grade material to higher-grade, low-impurity material.
President Donald Trump has reportedly narrowed his decision for Federal Reserve chair down to three people: current chair Janet Yellen, Stanford University economist John Taylor or former investment banker ...
APIO’s 3Q17 sales volumes came in at 2.2 million tons, reflecting a 20.0% decline year-over-year and a 10% sequential decline.
Copper prices have been strong in October. In the week ending October 20, LME (London Metals Exchange) three-month copper contracts rose 2.2%.
Cleveland-Cliffs (CLF) is scheduled to release its 3Q17 results before the US market opens on October 20. In this series, we'll look ahead to CLF’s earnings and management call.
As per the latest JOLTS report, about 2.1 million Americans quit their jobs voluntarily in August, which was a decrease of 70,000 from the previous reading.
The National Congress of the Communist Party of China (or CPC) is scheduled to begin on October 18. The event, which takes place every five years, should be closely followed by…