Global Market Commentary, Analysis and Investments
- Here’s one potential China bubble popper: steel prices.
Pricing terms for steel changed literally overnight, after a global consortium of miners and steelmakers agreed to start pricing the commodity quarterly and according to the iron ore spot market.
For the last 40 years, steel consumers signed yearly contracts and price was negotiable… no longer.
[Read more...]Thompson Creek (NYSE:TC), the Toronto-based molybdenum mining company with operations in Canada and the US, has seen increased insider selling in February and March. To get a better sense of what this may mean for the company we turn to Chris Mayer, research editor of the Agora Financial newsletter Mayer’s Special Situations.
[Read more...]The biggest emerging economies have ambitious plans that require a greater share of the world’s limited commodities. This trend is spurring profound and permanent disruptions in how these resources are allocated now and in the future. For investors, these disruptions present opportunities.
Simply put, an investment in natural resources is a vote of confidence in global economic growth.
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Coal Use Shine’s Light on Growth
International coal prices hit $124 per ton this week, the highest levels in five months, as strong demand from reconstruction projects in Japan and reduced supply from flood-ravaged Australia has made coal supply tight. The floods in Queensland, Australia cut the country’s output of coal by 15 percent and other big coal producers such as Indonesia, South Africa and Colombia are experiencing similar production cuts due to floods of their own.
[Read more...]