iron
By Clyde Russell LAUNCESTON, Australia (Reuters) – Western and Chinese investors had different reactions to the latest stimulus pronouncements by Beijing, and it’s likely that both groups are somewhat missing the point. At what was a highly anticipated press conference on Saturday, the Ministry of Finance said it was ready…
But at any moment Hezbollah could strike back with a massive missile and drone swarm attack that could devastate Israeli forces and rapidly escalate the conflict, say analysts.The Iran-backed group likely has stockpiles of up to 200,000 missiles, according to a 2024 report by the Center for Strategic and International…
Investing.com — Goldman Sachs in a note dated Monday has revised its price forecast for the fourth quarter of 2024, lowering the expected price to $85 per ton from $100 per ton. This adjustment reflects growing concerns over an oversupply in the global iron ore market, exacerbated by persistently strong…
Investing.com — Analysts at BofA Securities have outlined a clear view on two important industrial metals, and , showing starkly contrasting fundamentals. Copper is in a strong position because of high demand, limited supply, and more investment in energy transition projects. In contrast, iron ore is facing challenges due to…
In a note dated Friday, analysts at Citi Research flagged that while the iron ore market is currently facing challenges, there are important factors to consider when assessing whether it’s time to “catch the falling knife” or wait for further developments. The price of iron ore, currently hovering in the…
Elbit Systems (NASDAQ: NASDAQ:), a defense electronics company, has reported a 12% increase in revenues year-over-year for the second quarter of 2024, riding on heightened demand following the Swords of Iron War outbreak. The company’s backlog has surpassed the $21 billion mark, with a significant portion of 69% coming from…
Champion Iron Limited (CIA.TO) has announced its first quarter results for the fiscal year 2025, showcasing a period of robust performance and strategic advancements. The company achieved record sales, crossing the 3.4 million tonnes mark, and produced approximately 3.9 million tonnes of high-grade iron ore. A notable achievement during the…
By Clyde Russell LAUNCESTON, Australia (Reuters) – China’s first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries. The People’s Bank of China said on Monday it would cut the…
European countries are preparing to reveal plans for a $4.3 billion Iron Dome-style air and missile defense system, Poland’s prime minister announced on Monday.Donald Tusk told Polish broadcaster AVN that the proposal, which involves the cooperation of 21 nations, will be presented to the European Council in a matter of…
As World War II ended and the Iron Curtain fell over Eastern Europe, relations deteriorated between the Soviet Union and its Western allies.The Soviet repudiation of the West and of capitalism went as far as banning business with Western companies, as there was no reason to trade with “imperialist” powers.That…
