Archives: Downloads

ANGLO AMERICAN (AAUKY $19.50, Rated Overweight) MET COAL AND IRON ORE PRICES, OUTPUT GAINS AT KUMBA AND LOWER COST EXPECTATIONS FOR BARRO ALTO NICKEL DRIVE IMPROVED EARNINGS FORECAST, BUT WE APPLY LOWER TERMINAL GROWTH AND HIGHER CAP EX TO HOLD …

ANGLO AMERICAN (AAUKY $19.50, Rated Overweight) MET COAL AND IRON ORE PRICES, OUTPUT GAINS AT KUMBA AND LOWER COST EXPECTATIONS FOR BARRO ALTO NICKEL DRIVE IMPROVED EARNINGS FORECAST, BUT WE APPLY LOWER TERMINAL GROWTH AND HIGHER CAP EX TO HOLD PRICE TARGET TO $27 PER ADR 3/5/2010 Read more »

CHILEAN EARTHQUAKE A SHORT-TERM COPPER SELLING OPPORTUNITY 3/1/2010

XSTRATA (XSRAF $16.25, rated Overweight with a $29 price target) GREATER “SELECTIVITY” WILL CREATE HIGHER FUTURE RETURNS AND BENEFIT “MACRO OUTLOOK” FOR METALS PRICES 2/25/2010

STEEL INDUSTRY – – WHILE SCRAP STEEL PLUNGED AGAIN IN OCTOBER, WE ESTIMATE A $75-$100/T RISE BASED ON INGREDIENT COSTS 10/13/2016

NICKEL HAS 4.5% DROP IN MINE OUTPUT, 0.7% DROP IN REFINED OUTPUT AND 10.9% GAIN IN APPARENT DEMAND JULY 2016 YTD WBMS DATA 10/11/2016

GLENCORE PLC LOWER COPPER PRICES OFFSET BY HIGHER ZINC, NICKEL, AND MET COAL PRICES; SALEs OF 30% OF ERNST HENRY ECONOMIC INTEREST AND AN ADDED 9.99% INTERST IN AG BUSINESS 10/7/2016

ALUMINUM OUTPUT RESTRAINT IN CHINA AND ROW GREATER THAN EXPECTED AS JUNE 2015 WORLD OUTPUT RECORDS NOT YET BROKEN 10/7/2016

SPOT MARKETS FALLING INVENTORIES AND LOWER ORE, CONCENTRATE AND SCRAP SUPPLIES FOR CU, NI, PB AND ZN AT LOW PRICES 10/6/2016

WEYERHAEUSER WOOD PRODUCTS SEGMENT VALUATION RAISED ON HIGHER OSB AND LUMBER PRICES; EFFECTIVE TAX RATE INCREASED. 10/6/2016

VALE: HIGHER NICKEL PRICES AND LOWER 2017 CAPEX OFFSET BY LOWER COPPER PRICES AND IRON ORE OUTPUT; MORE ASSET SALES MADE 10/4/2016