|Bid||4,898.00 x N/A|
|Ask||4,898.50 x N/A|
|Day's range||4,804.00 - 4,904.00|
|52-week range||3,460.50 - 4,904.00|
|Beta (3Y monthly)||1.22|
|PE ratio (TTM)||6.19|
|Forward dividend & yield||2.33 (5.13%)|
|1y target est||53.70|
Investors with a combined $12.5 trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess safety risks. Vale and other big listed miners are among more than 200 companies that have released data on dams in response to a request on behalf of 100 investors, the Church of England Pensions Board - one of them - said on Monday. The Church of England Pensions Board and the Swedish AP Funds Council of Ethics are working with other ethical investors, and industry body the International Council on Mining and Metals (ICMM) to devise new standards for tailings dams.
Australia’s S&P/ASX 200 fell 0.35% on June 17. The index traded in a narrow range as investors remained cautious. Out of the index's 200 constituents, 62 stocks advanced, while 130 declined. Telecommunications, energy, and mining pulled the index down.
These two FTSE 100 (INDEXFTSE:UKX) dividend stocks could deliver impressive income and capital growth, in Peter Stephens' opinion.
Tighter environmental controls are pushing Chinese mills to go for higher-quality imported ore as opposed to domestic ore. Seaborne iron ore exporters including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO) generate more than two-thirds of the total seaborne iron ore supply.
European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world's second-largest EV market after China. A regional EV supply chain would help achieve European Union goals to lower carbon emissions, cut fossil fuel consumption and strengthen the ability of the continent's automakers and battery makers to compete with Asian rivals CATL, LG Chem and Samsung. "I'm pretty impressed by what I see being built out for an electric vehicle supply chain in Europe," Chris Berry, an independent lithium analyst, said on the sidelines of this week's Fastmarkets Lithium Supply and Markets Conference in Santiago, the industry's largest annual gathering.
Mining stocks led London's main index higher on Tuesday after Beijing took steps to increase local government spending and boost China's economy, while fashion retailer Ted Baker slumped after a profit warning. Rio Tinto, Antofagasta, Glencore and BHP were 2.5-3% higher, while oil majors BP and Shell were lifted by a rise in crude oil prices on expectations that OPEC and its allies will keep withholding supply. Troubles on Britain's high street were reflected on the small- and mid-cap indexes, with Ted Baker falling nearly one-third to a 6-1/2 year low after warning profits would come in well below analysts' expectations, and fast-fashion retailer Quiz down 23.2% after reporting a 94% slump in underlying pretax profit.
A Swiss environmental expert will make a fact-finding trip this week to the site of the Vale dam disaster in Brazil to start work on setting new dam safety standards for miners. The safety of dams used to store mining waste, known as tailings, gained prominence after the collapse of Vale's dam at Brumadinho, Brazil in January that killed about 250 people. It was the second Vale tailings dam collapse in Brazil in less than four years.
Namibia's mines and energy minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws. Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's longest-running open pit uranium mine to China for up to $106.5 million and expected the deal to be completed in the first half of 2019. China already owns stakes in Namibian uranium production, which, along with diamonds, is the mainstay of the Namibian economy.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
The FTSE 100 was 0.1% lower, while the mid-cap FTSE 250 rose 0.4%. British American Tobacco and Imperial Brands were among the biggest drags on the main index after data from Nielsen showed cigarette industry volumes deteriorated in the four weeks to May 18. The session's trading came against the backdrop of continued uncertainty over China's trade dispute with the United States, after U.S. President Donald Trump said Washington was not ready to make a deal with Beijing but that he expected one in the future.
Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices(Continued from Prior Part)China’s steel demandAs the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Why Iron Ore Prices Are Bucking the Downtrend in Metals PricesIron ore pricesAs we discussed in Why Iron Ore Prices Could Have more Upside after Breaching $100, iron ore supply tightness and continued strong demand from China have driven iron ore
Investors in Asian stocks are picking companies and sectors that promise better long-term returns, overlooking the broader uncertainties around profits stemming from global trade and economic growth risks this year. For some long-term investors in Asian equity markets, the evidence of a deeper change in the region's culture away from hoarding cash and towards rewarding investors with higher dividends is also a reason to stay invested. Analysts also downgraded their dividend forecasts for a larger proportion of Asia Pacific companies relative to numbers in North America and Europe, the data showed.
Is the Worst Behind Vale? BAML Upgrades the Stock to a 'Buy'(Continued from Prior Part)A slew of downgrades for Vale since JanuaryVale (VALE) has seen a lot of analyst downgrades since the dam tragedy struck in late January. A slew of downgrades
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Top analyst Citigroup cuts Proximus to "neutral" from "buy", saying a possibility of new entrants ...
There’s the prospect that the material will be “phased out, potentially sooner than expected,” Chief Financial Officer Peter Beaven said in an investor presentation on Wednesday. BHP follows its biggest competitors Rio Tinto Group and Glencore Plc in questioning the future role of coal used for power generation, as investors press for more action to tackle climate change and tighten restrictions on holding companies that produce the fuel. Rio sold its final coal mines last year, while Glencore said in March it would seek to limit production.
Sales by the Anglo American Plc unit dropped 25% from a year ago to $415 million, and were down 29% from an offering last month. It’s often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far in 2019 are still much weaker than in previous years. In December, some of Rio Tinto Group’s customers refused to buy cheaper stones, while De Beers was forced to cut prices toward the end of last year and offer concessions to buyers.
As Vale Warns of a Possible Dam Collapse, Iron Ore Surges(Continued from Prior Part)Reduced supply of iron oreIron ore miners, including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO), have signaled reduced iron ore production, and steel mills
Rio Tinto Group's (LON:RIO) released its most recent earnings update in December 2018, which confirmed that the...
A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, voted against the four independent directors.
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and environmental issues in some of the countries where the best supplies are found.
KARMOEY, Norway/LONDON (Reuters) - In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy. Norsk Hydro told Reuters it was using mathematical models to mitigate the effect of the magnetism and other energy waste.