The African govts love the Chinese but we all know how it ends up with Chinese investment, the donor country ends up in more than just debt to China because they can't pay the money back. The govt corruption is the thing that's hard to get rid of in Africa and this is the cause of all the rising coups against current govts. It's a very politically unstable country and the other threat to mining is the rebel groups.Africa and China != Africa and western countries
At present, you will not see an African government taking a Chinese mining company management group hostage the time to ramp up a new tax.
This mine will work, IMHO the only issue is potential western interest sabotages in the context of a China cold war we are heading in.
Westpac has warned that iron ore prices could collapse 30 per cent this year to about $US70 a tonne when Rio Tinto floods the market with fresh supply, deflating hopes of a sustained rebound for Australia’s key export.
The spot price of iron ore rallied nearly 7 per cent last week to $US104.15 a tonne after robust Chinese trade data bolstered hopes that Beijing’s stimulus measures were lifting steel demand.
Westpac can't even predict future interest rates let alone commodity prices.
RIO are in ta ta with the Chinese on Simandou.From China with ..not much..love
Guinea’s vast Simandou mine on track to start delivering for Chinese investors
Locomotive deals worth more than half a billion dollars signal iron ore could start flowing to ports this year.www.scmp.com
I know many here will think am a i know it all etc, but the fact is steel properties are based on the presence and shape of crystallization and nodes within the structure.IO and technology:
we saw how China just designed a steel smelter hugely efficient with no need of coking coal and able to treat lower grade
Not good news for coal and IO in australia
A new discovery:
Makes sense, and a potential revolution in engineering.China’s fatigue-free alloy breakthrough paves way for aerospace revolution
Study shows Chinese scientists have cracked ‘impossible triangle’ of metal materials to combine strength, plasticity and stability.www.scmp.com
@qldfrog Mr frog you a know-all never.I know many here will think am a i know it all etc, but the fact is steel properties are based on the presence and shape of crystallization and nodes within the structure.
And this is what happens when you plunge a rod of red hot just melted iron into oil to create internal micro fractures
Giving you a very brittle but very hard metal, etc etc
You then think about samouraï swords or high quality Japanese kitchen knives
Built with multi layers of folded and refolded sheets..keeping ultimately a both flexible, hard and not brittle blade.
My understanding is the (roughly) same concept is applied within the microstructure
I gave the Chinese paper link, but saw that news in an Indian media first.
awesome , i have three smaller players on my shopping list ( for extra shares ) ... oh and a low-ball order for extra FMG , but i think i will need a lot of help from the short-sellers to get themThere may be some buying opportunities coming up, for the iron ore bulls.
China steel demand slump an ‘ominous’ sign for ASX miners
The latest data from the world’s second-largest economy does not bode well for the ASX’s iron ore giants.www.afr.com
A collapse in Chinese steel demand to its lowest levels in eight years is an “ominous” sign for the ASX’s mining giants that the worst may not be over for the already beaten-down materials sector.
Steel rebar futures in China, a key indicator of construction activity, slumped to the lowest level since 2017 at the end of last week, as the world’s second-largest economy continues to grapple with a prolonged property sector crisis and waning industrial output.
now one ( so far ) over-looked demand for iron/steel is .... data centres , each one of those centres needs a concrete slab floor ( which means reinforcing mesh ) , steel for the walls ( and probably for the roof )) , fasteners etc etc ( and that assumes all the power will be supplied by underground power cables , otherwise you need more power poles as well)An Unexpected Diversifier – Iron Ore
Rebecca Kaufman
Senior Associate, Commodities, Real & Digital Assets
S&P Dow Jones Indices
Executive Summary
Commodities’ Role as Diversifiers
- Commodities are often considered for their diversification benefits compared to traditional balanced compositions.
- A small weighting of 4%-9% of iron ore has historically increased Sharpe ratios by 7%-19%.
- Iron ore’s historically persistent backwardation provided excess returns.
Commodities, such as gold, crude oil and copper, have historically served as a potential hedge with low or negative correlation with traditional assets such as stocks and bonds. The ability for commodities to keep pace with inflation, while offsetting large negative returns from other asset classes during market stresses, has drawn more interest to explore the diversification benefits of alternative commodities. Iron ore, which is a key ingredient for steel production, has seen its physical market size grow in the past decade to become the second-largest commodity by value, only behind crude oil. Driven by steel demand from economies seeking to industrialize, iron ore became one of the leading global barometers for economic activity, attracting investors seeking exposure to this trend. This has fueled the growth of the futures market, which has grown in open interest and volume, attracting hedgers, speculators and financial institutio
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If these data centres are going to sput a floor under anything, it will be copper.now one ( so far ) over-looked demand for iron/steel is .... data centres , each one of those centres needs a concrete slab floor ( which means reinforcing mesh ) , steel for the walls ( and probably for the roof )) , fasteners etc etc ( and that assumes all the power will be supplied by underground power cables , otherwise you need more power poles as well)
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