Nickel – Platts reported that nickel, which is down 13.6 percent year to date and is currently the worst-performing base metal, may fare better in the fourth quarter of 2013 and into 2014, according to Deutsche Bank AG (NYSE:DB).
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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.
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.
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.
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.
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.
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 – 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 – 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.