Australia Expects Higher Iron Ore Exports, Raises Price Forecast
Iron – Bloomberg reported that Australia, which is the biggest iron ore exporter in the world, said it expects the value of exports to reach A$205B in fiscal year ending June 30, 2014.
Articles Tagged "deutsche bank ag"
Iron Ore Reaches Peak After Restocking Rally: Morgan Stanley
Iron – Bloomberg reported that according to Morgan Stanley, iron ore will decline over the rest of 2013 as supply increases and rally triggered by China restocking ends.
Deutsche Bank Says Iron Ore is Slumping 24% on Expanding Supply
Iron – Bloomberg reported that iron ore could slump 24% by the end of 2013 according to Deutsche Bank AG, on expanding production and slowing Chinese restocking demand.
Morgan Stanley Raises Iron Ore Forecast for 2013 as Demand Increases
Iron – Bloomberg reported that Morgan Stanley has increased its iron ore prices forecast for 2013 on expectations that China’s economic growth will continue to rise on a rapid pace.
BHP Billiton Likely to Sell Nickel Units
Nickel – Bloomberg reported that the world’s largest mining company, BHP Billiton Ltd., said that the weak prices and the high Australian dollar are affecting their local nickel operations and many have speculated possible writedowns or even asset sales.
China Oil Demand Growth Forecast Increases to 4.9%: Deutsche Bank
Oil – Bloomberg reported that China’s oil demand will increase at a much faster rate this year than expected because of economic recovery, a report by Deutsche Bank AG said.
Iron Ore Set to Rally as China Braces for Coldest Winter
Iron – Bloomberg reported that amid iron ore’s impressive trading performance last year, it may be able to extend the rally as steelmakers in China seek imports to compensate for losses in local production due to the coldest winter that has ever hit the country in 28 years.
Iron Ore Set for Bear Market as Chinese Restocking Ends
Iron – Bloomberg reported that iron ore continues to climb as Chinese mills restock, even after posting the largest recorded quarterly climb in the last quarter of 2012. However, according to Deutsche Bank AG, it is set to plunge into a bear market afterwards.
