the average price for 62% iron in the first two months of this quarter was $106, for 65% iron was $125. about 2/3 of iron is 65. ebitda break even is $45. respected production is 90mt. if December is similar, back of the envelope math says ebitda from iron around $6.7b. add rest of the business. add sale of Mosaic. add sale of Mozambique. I'm not selling anything until this goes back to $18 at least, which was my target when I started 5 years ago but then I got greedy... oh well
J
Surprised this article hasn't been in newsfeed: "Vale sees spinoff hope in tapping waste for building materials". Anyone watching cement and sand usage will understand the opportunity here. Google the article. gl
r
Iron Ore 62% Fe, CFR China (TSI) Futures Dec 2021 $101.53 -0.56 $0.00 $101.53 $101.00 Nov 30, 2021 12:00 a.m
r
LAST CHG OPEN HIGH LOW DATE/TIME Iron Ore 62% Fe, CFR China (TSI) Futures Dec 2021 $105.09
J
Vale S.A’s VALE investment in the Salobo III mine expansion was 81% complete at the end of third-quarter 2021. This expansion will increase the mill throughput capacity by 50% and add to gold production in 2023. It anticipates that the Salobo expansion is scheduled to commence in the second half of 2022.
At Vale's Voisey's Bay operation, physical completion of the Voisey's Bay underground mine expansion (Reid Brook and Eastern Deeps underground mines) was 70% completed at the end of the third quarter. In June, Vale achieved the first ore production from the Reedbrook underground mine, which is likely to be one of the most sustainable sources of cobalt in the world. Eastern Deeps is expected to start in 2022.
j
Buy now , The Vale Bus leaving soon .Up the hill , here we go .
J
VALE is a $18-$20 stock.
j
It’s time for Vale to wake up shake off its cobwebs and move forward, Let’s see $18 by year end.
T
Iron ore prices spiking as China begins to restock.. Reverse head and shoulders forming on the one month chart.. 12.65$ neckline, a break above that will also signal a trend reversal. Bullish bullish and bullish
E
Iron ore continues to rise in the early hours of Wednesday morning in China trade. At this time, its increase is 2.32% to 596 yuan. Let's keep an eye open, and keep hope that prices will remain with a good green quote until the end of the session. Good Luck to all players .
j
Iron ore going up very fast in the near future , buying opportunity right now, not later.
r
Iron Ore 62% Fe, CFR China (TSI) Futures Dec 2021 $104.13 6.84 $0.00 $105.26 $98.09 Nov 29, 2021 8:55 a.m.
W
Held up very strong over the last few days, in the face of massive market wide selling.
a
If you’re looking for a short and sweet guide to the day’s biggest news, I recommend (http://trademarketview.tech). They breakdown the most important pre-market news and it only takes a few minutes to read.
J
Bought 40,000 shares under $12 and don’t even look at Iron Ore prices. I’m buying for the nickel production which is severely undervalued. Nickel has replaced cobalt in most EV battery cells including ALL of Tesla batteries. It’s insane to me that you can buy VALE this cheap. Nickel sales will break new records every year for the next decade.
E
Iron ore rising 7% on tuesday morning in China Trade .......
L
Brazil’s economy has returned to pre-pandemic levels, supported by booming terms of trade and robust private sector credit growth, and one of the biggest stimulus packages in emerging markets–nearly 4 percent of GDP in emergency cash transfers alone in 2020.
RELATED LINKS Read the report Read the press release Brazil and the IMF The country has been hit hard by the pandemic, however. COVID-19 has claimed the lives of more than 550,000 Brazilians, the second highest death toll worldwide. Renewed lockdowns following a severe second wave and the rollout of vaccinations have helped bring down infections since April, with new daily COVID-19 cases and deaths falling significantly from their peaks. But rates of unemployment and poverty remain high. Inflation too has surged, weighing on the outlook.
Growth is projected to rebound to 5.3 percent in 2021. Sustaining the recovery, however, will require further institutional reforms to raise labor productivity growth and foster private sector-led investment.
meanwhile
As the largest steel producer and exporter, China's demand for iron ore has been strong, but it depends heavily on imports. About 80 percent of iron ore resources come from abroad, and 60 percent of China's iron ore resources come from Australia.
you can see how Brazil, one of the so called "Brics" (Brazil , Russia, india, China) could just take geopolitical edge, even with the falling demand.... markets... funny old thing, I think US australia and UK anounced a venuture to limit chinese growth, and china is building ever more despite the "slump", its records.
j
A good spread of November and December futures iron ore .. 10 bucks on the rise !!
Some of my observations/analysis: 1) iron ore last few years cycles from Nov to July in uptrend, July to Nov in downtrend 2) VALE since 2020, has almost 100% positive correlation to iron ore, while in the past not so extreme, even negative for months. VALE being used as an iron ore ETF - it's not... it is a stock. This could end at any time. People are not valuing any other aspect of this company except iron ore biz. 3) In 2019 iron ore was often in the 70-80's range and VALE was about 15 4) My 'downtrend analysis' tells me 11 is roughly the short term low (but 10.2 also possible) 5) High probability of 17 to 18 VALE stock price by Jan 2022, may drop some in the Spring 2022. 6) likely see a rally in iron ore prices to 150 by Jan 2022.
Iron Ore 62% Fe, CFR China (TSI) Futures Dec 2021 $105.09
At Vale's Voisey's Bay operation, physical completion of the Voisey's Bay underground mine expansion (Reid Brook and Eastern Deeps underground mines) was 70% completed at the end of the third quarter. In June, Vale achieved the first ore production from the Reedbrook underground mine, which is likely to be one of the most sustainable sources of cobalt in the world. Eastern Deeps is expected to start in 2022.
RELATED LINKS
Read the report
Read the press release
Brazil and the IMF
The country has been hit hard by the pandemic, however. COVID-19 has claimed the lives of more than 550,000 Brazilians, the second highest death toll worldwide. Renewed lockdowns following a severe second wave and the rollout of vaccinations have helped bring down infections since April, with new daily COVID-19 cases and deaths falling significantly from their peaks. But rates of unemployment and poverty remain high. Inflation too has surged, weighing on the outlook.
Growth is projected to rebound to 5.3 percent in 2021. Sustaining the recovery, however, will require further institutional reforms to raise labor productivity growth and foster private sector-led investment.
meanwhile
As the largest steel producer and exporter, China's demand for iron ore has been strong, but it depends heavily on imports. About 80 percent of iron ore resources come from abroad, and 60 percent of China's iron ore resources come from Australia.
you can see how Brazil, one of the so called "Brics" (Brazil , Russia, india, China) could just take geopolitical edge, even with the falling demand.... markets... funny old thing, I think US australia and UK anounced a venuture to limit chinese growth, and china is building ever more despite the "slump", its records.
https://newsfilter.io/a/bb67972eed2142fdd86085e90943a2d2
Miner of the Year
1) iron ore last few years cycles from Nov to July in uptrend, July to Nov in downtrend
2) VALE since 2020, has almost 100% positive correlation to iron ore, while in the past not so extreme, even negative for months. VALE being used as an iron ore ETF - it's not... it is a stock. This could end at any time. People are not valuing any other aspect of this company except iron ore biz.
3) In 2019 iron ore was often in the 70-80's range and VALE was about 15
4) My 'downtrend analysis' tells me 11 is roughly the short term low (but 10.2 also possible)
5) High probability of 17 to 18 VALE stock price by Jan 2022, may drop some in the Spring 2022.
6) likely see a rally in iron ore prices to 150 by Jan 2022.
Let me know what you think...