Executives and production team members recently commemorated the production and sale of the 1000th Motor Grader, which is destined for Rio Tinto’s operations in the Pilbara. The Cat 24 Motor Grader was introduced in 1995 and was specifically designed to build and maintain haul roads at mining sites with ultra-class haul trucks. Now in its … Continue reading Caterpillar celebrates of 1000th 24 Motor Grader → Australian Mining .
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NEW YORK , Sept. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RIO, LOW, WMT, ILMN, and XOM. … Full story available on Benzinga.com
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Source: Ruslan Ivantsov / Shutterstock.com Wall Street has officially entered a bear market. Macroeconomic headwinds continue to build, including rampant inflation, slowing economic growth and continued geopolitical turmoil. We now have further uncertainty surrounding the stock market following the most recent interest rate hike. As we enter a bear market, investors are searching for alternative investment paths for diversification. Growth names that were the darlings on Wall Street during the pandemic have not been immune to these challenges so far in the year. Even large-capitalization (cap) shares have come under pressure since January. Year-to-date (YTD), the S&P 500 index has so far dropped over 22.9% year-to-date (YTD), while the tech-heavy Nasdaq 100 has declined more than 30.7% during the same period. In the past century, we have had over 25 bear markets on the Street. Most have lasted an average of less than one year. While it may be tempting to sell stocks in the portfolio to minimize losses, panic selling in a bear market often leads to loss of potential profits and even investment capital.
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These are seven of the best stocks to buy that can see substantial returns in the months ahead. Despite the ongoing worries on Wall Street, seasoned investors realize that there may be a bull market in some segments of the market even during these gloomy weeks. Fears of sticky inflation and recession led to many investors reevaluating their investments or pulling their money out of the stock markets altogether. As a result, the S&P 500 index has dropped 23% year to date, while the tech-heavy NASDAQ 100 has lost close to a third of its value. However, for investors who research further, there is always a chance to find the best stocks to buy in a hidden bull market. Including several of those shares could help boost the performance of investment portfolios despite the overall market chaos. Even in 2022, with interest rates hitting a 14-year high in the U.S. and stocks getting hammered, we are experiencing localized bull markets in the energy and utility sectors. For instance, the energy sector, overall, has returned around 18% since January.
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Is inflation rising? The answer depends upon how you look at the most recent Consumer Price Index data that was released on Sept. 13. Year-over-year, headline inflation reached 8.3% in August. That was better than the 8.5% YOY jump in July. That fact will placate very few. But investors can still make money by buying commodity stocks. Last month, YOY inflation, excluding food and energy, or “core” inflation, reached 6.3%, while core inflation rose by 0.6% versus July. The markets interpreted the core inflation data very negatively, as the report was widely viewed as increasing the likelihood that the Fed will continue to implement large interest rate hikes. In my view, additional rate increases will likely make a “soft landing” for the economy impossible. =Just as skyrocketing energy prices benefited oil and firms earlier in 2022, the makers of other commodities will also get a lift from continued, elevated inflation. Let’s look at seven of those names. LAC Lithium Americas Company $29 ALB Albemarle $294.60 SBSW Sibayne-Stillwater $8.81 BG Bunge $90.64 ARCH Arch Resources $128.35 RIO Rio Tinto $55.87 LNG Cheniere Energy $169.60 Lithium Americas Company (LAC) Source: Wirestock Creators / Shutterstock.com Lithium Americas Company (NYSE: LAC ) stock is benefitting from the burgeoning electric-vehicle industry.
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There''s no denying we live in turbulent economic times - but some stocks are blooming amid warnings of recession: here are five such stocks that have good analyst coverage along with Buy ratings. Oil and gas company Shell (GB:SHEL), tobacco manufacturer British American Tobacco (GB:BATS), commodity trader Glencore (GB:GLEN), financial company London Stock Exchange Group (GB:LSEG), and metal and mining company Rio Tinto (GB:RIO) are five frequently-rated stocks which offer the promise of good returns. We used TipRanks’ Shares Screener tool to compare the stocks; let’s see what makes them favourites of top analysts.
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There are two main reasons why moving averages are useful in forex trading: moving averages help traders define trend recognize changes in trend. Now well have a look on, SMA50 … The post Astonishing stocks: Fastenal Company (NASDAQ:FAST -1.44%), Rio Tinto Group (NYSE:RIO -1.51%) appeared first on Stocks Equity .
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Major Asia-Pacific indicators showed mixed trading. Some of them slightly increased. The Australian S&P/ASX 200 index gained 0.27%, the Hang Seng Index increased by 0.25%, the Japanese Nikkei 225 index jumped by 0.19%. Other indicators declined. The Korean KOSPI lost 0.2%, while the Chinese Shanghai Composite and Shenzhen Composite decreased by 1.01% and 2.15% respectively. The Asian indicators showed such results due to several reasons. Thus, the Japanese indicator was boosted by the release of fresh statistical data that the country saw a 49.9% year-on-year increase in the volume of imports in August. In addition, growth of exports by 22.1% relative to the same period of 2021 was noted. This indicator has been increasing for a year and a half. Thus, Japan''s trade deficit was at an all-time high of 2.817 trillion yen. Among the components of the Nikkei 225, shares of Shiseido gained 2.1%, East Japan Railway soared by 2%, Suzuki Motor jumped by 1.8%, and Nintendo and Nissan Motor added 1.7% each.
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Australian shares rose on Friday as higher commodity prices lifted the resources sector, although there was caution among some investors on worries about slowing global economic growth. The S&P/ASX 200 index gained about 0.4% to 6,876.5 points by 0100 GMT. The benchmark ended 1.8% higher on Thursday. Investors have been concerned that aggressive rate hikes by the Federal Reserve, to tame surging inflation, could tip the US and other major economies into a recession. Fed Chair Jerome Powell said late on Thursday that the central bank will remain committed in bringing down inflation without the “very high social costs” involved previously. Looking ahead, market participants await the US consumer price data next week for further cues on the Fed’s rate hike path. Back in Australia, the mining sub-index led the gains, rising as much as 2.1%, as iron ore prices rebounded in China. Sector majors Rio Tinto, BHP Group and Fortescue Metals added between 1% and 3.4%. Gold stocks jumped about 1.5%, with index heavyweights Northern Star Resources and Newcrest Mining climbing 1% and 0.6%, respectively.
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(Kitco News) - McEwen Copper, a subsidiary of McEwen Mining (NYSE, TSX: MUX) announced today that it has entered into a binding term sheet with Kennecott Exploration Company (KEX), a subsidiary of Rio Tinto, for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada by spending US$18 million.
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McEwen Mining (MUX) said Tuesday it signed a binding term sheet for an option to become a majority joint venture partner with Rio Tinto''s (RIO) Kennecott Exploration subsidiary in the…
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TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc. , a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX ), is pleased to announce that it has entered into a binding term sheet with Kennecott Exploration Company (“ KEX ”), a subsidiary of Rio Tinto , for an option to earn a 60% interest in and joint venture the Elder Creek property in Nevada (see Figure 1 ) by spending US$18 million .
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Rio Tinto plc (LON:RIO) has entered into a binding agreement to acquire all of the remaining shares of Turquoise Hill Resources Ltd (NYSE: TRQ) that Rio Tinto does not currently own. The Independent Directors of Turquoise Hill have unanimously recommended that Turquoise Hill minority shareholders vote in favour of the Transaction and, together with senior officers of Turquoise Hill, have entered into voting support agreements with respect to all of the Turquoise Hill shares they own or control. The Transaction delivers significant value to Turquoise Hill minority shareholders with the certainty of an all-cash offer of C$43 per share, which is Rio Tinto''s best and final offer. This represents a premium of 67% to Turquoise Hill''s closing price of C$25.68 per share on 11 March 2022, the day prior to Rio Tinto''s initial public proposal to acquire Turquoise Hill. Rio Tinto has agreed to provide Turquoise Hill with secured short-term liquidity during the Transaction period of up to US$1.1 billion (subject to certain pre-conditions), which would need to be repaid from an equity raising from shareholders in the first half of 2023 if the Transaction is not approved by shareholders.
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Highlights: BHP’s share price was mostly driven by strong sectoral performance on ASX today (September 5). BHP’s share price closed 2.857% stronger by the end of Monday’s trading session on ASX. The S&P/ASX 200 Materials sector closed 1.944% higher today. Shares of metal and mining giant BHP Group Limited ( ASX:BHP ) closed 3.187% stronger at AU$37.91 per share on ASX today (5 September). Despite sharing any significant announcement today, BHP shares closed in the green zone after Monday’s trading session. Over the last 12 months, BHP ’s share price has declined by more than 10% on ASX. Furthermore, BHP’s YTD -based share price fell almost 11% by the end of today’s trading session on ASX. What''s the reason behind BHP’s good performance on ASX today? It is to be noted that BHP did not share any significant announcements on ASX today, yet its shares have performed well. It seems that sectoral performance might have driven BHP’s share price on ASX today. Today, the ASX 200 Materials sector was one of the best performing sectors on ASX.
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Equity markets rebounded yesterday after major US indices tested important support and as we await today’s US August jobs report. Given the focus on a fresh rise in treasury yields, strong payrolls and earnings data may prove negative for risk sentiment if US treasury yields threaten higher. In FX, the USD is poised for more gains if yields run higher, having already broken to new multi-decade highs against the Japanese yen ahead of today’s report. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) S&P 500 futures climbed back from the abyss yesterday after a much lower low ending the session higher, but already this morning negative sentiment is extending again. S&P 500 futures are trading around the 3,964 level this morning with the US jobs reports being the key data point with the market closely watching hourly earnings for clues to how strong the dynamics are in nominal wages. Hong Kong’s Hang Seng (HSIQ2) and China’s CSI300 (03188:xh k g) Hong Kong and mainland China stocks declined, Hang Seng Index -0.9%, CSI300 -0.4%.
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McEwen Copper, a subsidiary of McEwen Mining (NYSE: MUX; TSX: MUX), has closed the third and final tranche of its previously announced private […] The post McEwen Copper completes US$81.85M financing, including US$25M investment by Rio Tinto appeared first on Canadian Mining Journal .
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McEwen Mining (MUX) +4.7% in Wednesday''s trading Nuton Technologies agreed to invest $25M in the company''s McEwen Copper subsidiary, which will help advance the Los Azules copper…
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TORONTO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc. , a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX ), is pleased to announce the closing of the third and final tranche of the previously announced private placement offering (the “Offering”) of up to 8,000,000 common shares of McEwen Copper Inc. priced at US$10.00 per common share. The third tranche is comprised of a $25 million investment by Rio Tinto’s copper leaching technology venture, Nuton (“ Nuton ” or the “ Investor ”), and $1.85 million from other investors. The total Offering has been increased to 8,185,000 common shares, with the amounts raised in the three tranches of the private placement totalling $81.85 million .
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TORONTO, Aug. 31, 2022 (GLOBE NEWSWIRE) -- McEwen Copper Inc. , a subsidiary of McEwen Mining Inc. (NYSE: MUX ) (TSX: MUX ), is pleased to announce the closing of the third and final tranche of the previously announced private placement offering (the "Offering") of up to 8,000,000 common shares of McEwen Copper Inc. priced at US$10.00 per common share. The third tranche is comprised of a $25 million investment by Rio Tinto''s copper leaching technology venture, Nuton (" Nuton " or the " Investor "), and $1.85 million from other investors. The total Offering has been increased to 8,185,000 common shares, with the amounts raised in the three tranches of the private placement totalling $81.85 million . McEwen Copper is well-funded to advance its Los Azules Project, located in the mining friendly province of San Juan, Argentina. The next milestones are the upcoming drilling season from October 2022 to June 2023, the completion of an updated preliminary economic assessment (PEA) in early Q1 2023, and the planned IPO of McEwen Copper in H1 2023.
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During the last session, McEwen Mining Inc. (NYSE:MUX)’s traded shares were 0.43 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $3.14, reflecting an intraday loss of -4.27% or -$0.14. The 52-week high for the MUX share is $12.30, that puts it down … A Quick Glance At McEwen Mining Inc. (NYSE: MUX) Stock: It Is up 10.51% From Its 52-Week Low; YTD, It Is Down -64.58 Percent Read More »
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McEwen Mining Inc. (NYSE:NYSE:MUX) Q2 2022 Earnings Conference Call August 11, 2022 11:00 AM ET Company Participants Rob McEwen – Chairman and Chief Owner Perry Ing – Chief Financial…
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(Kitco News) - McEwen Mining (TSX: MUX) reported Thursday that its Q2 2022 production was 27,600 gold ounces and 704,600 silver ounces, or 36,100 gold equivalent ounces (GEOs), down 11% compared to 40,700 GEOs produced in Q2 2021.
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Gainers: 5E Advanced Materials (FEAM) +16%. Zymergen (ZY) +13%. Losers: Pan American Silver (PAAS) -15%. Fortuna Silver Mines (FSM) -9%. McEwen Mining (MUX) -7%. Vertex Energy (VTNR) -7%.
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McEwen Mining press release (MUX): Q2 GAAP EPS of -$0.26 misses by $0.11.Revenue of $30.65M (-24.7% Y/Y) misses by $4.34M.10-QGold Bar mine progressed the development of the Gold…
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McEwen Mining (MUX) is scheduled to announce Q2 earnings results on Thursday, August 11th, before market open.The consensus EPS Estimate is -$0.15 (-1400.0% Y/Y) and the consensus…
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During the last session, McEwen Mining Inc. (NYSE:MUX)’s traded shares were 0.26 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $3.49, reflecting an intraday loss of -1.41% or -$0.05. The 52-week high for the MUX share is $12.30, that puts it down … The McEwen Mining Inc. (NYSE: MUX) Stock Dropped -12.36% In A Single Month – Are There Any Hopes For A Gain? Read More »
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Silver Standard Resources und Chevron vs. Gazprom Klondike Gold – kommentierter KW 30 Peer Group Watch Rohstoffaktien In der Wochensicht ist vorne: 93 12% vor 13 59% Exxon 11 31% BP Plc 6 36% Royal Dutch Shell 5 46% Rio Tinto 4 8% Barrick
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Related Stocks: RIO , HASI , CSCO , NUE , DTE ,
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(Wednesday Market Open) Investors appear to be bullish despite earnings misses from tech giants and a looming interest rate decision from the Federal Reserve this afternoon. Potential Market Movers After yesterday’s close, Microsoft (NASDAQ: MSFT ) reported that it missed big on earnings and revenue, causing the stock to fall 2.61% in after-hours trading. The company cited currency headwinds for its misses, but its cloud business was also on the low end of estimates. MSFT said it was still experiencing higher demand from businesses, which could be the bright spot investors were focusing on as shares rose 3.4% ahead of the opening bell. Alphabet (NASDAQ: GOOGL) also missed on its top and bottom lines, but not as badly as Microsoft. It reported higher ad revenues than many expected after Twitter’s (NYSE: TWTR) big miss last week. Alphabet dropped immediately in after-hours trading but bounced back and to rally 2%, and was up 3.86% premarket. With Microsoft and Alphabet bouncing back, the tech-heavy Nasdaq futures were trading 1.39% higher before the opening bell.
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Following this year’s sell-off, seasoned investors are increasingly hunting for large-cap stocks to buy on the dip. For instance, the S&P 500 index and Dow Jones Industrial Average have lost 185 and 13% so far in 2022. As investors rotate toward safer bets, undervalued large-cap stocks could offer attractive upside potential for long-term investors. Recent numbers from the Bureau of Labor Statistics reported show the consumer price index increased 9.1% from June 2021. Put another way, the U.S. is facing its highest inflationary pressure in four decades. Wall Street now expects the Federal Reserve to continue its aggressive position on taming inflation. Many analysts are already bracing for a full percentage point hike in interest rates in late July. Amidst such macroeconomic headwinds, it could be prudent to get more defensive by investing in large-cap stocks. Such shares boast mature businesses with wide moats. Investors can typically rely on them for stable revenue, earnings growth and dividends.
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Recession fears are riding high after preliminary July PMI surveys out Friday suggest that the Eurozone economy is on the brink of recession and that the US services sector is in contraction. US treasury yields tumbled all along the yield curve late last week as the market lowers the anticipated peak Fed funds rate and sees easing inflation. Equities finally rolled over in Friday’s session after their recent squeeze higher as investors weigh recession risks and ahead of a slew of earnings reports from the largest US companies this week and the FOMC meeting on Wednesday. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I). US equity futures rolled over Friday from new local highs after the recent squeeze higher that was driven in part by excessively negative sentiment. While a sharp drop in treasury yields late last week has brought some relief as the peak Fed Funds rate was marked lower, the recession fears driving the drop in yields are a concern for corporate earnings, which were also challenged in the second quarter for US companies by the very strong US dollar.
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Anglo-Australian metals titan Rio Tinto Group and American automaker Ford Motor Company have partnered to work together on developing more sustainable and secure supply chains for low-carbon raw materials, including low-carbon aluminium, to be used in Ford’s automotive offerings. According to Rio Tinto, the two firms will combine to increase the amount of low-carbon aluminium […]
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Besides BHP, Ford has also signed battery metals deals with Rio Tinto, Vale and Syrah Resources.
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Thurs day''s top analyst upgrades and downgrades included Ally Financial, APA, Caesars Entertainment, Chevron, Danaher, Datadog, EOG Resources, EQT, Harley-Davidson, Las Vegas Sands, Netflix, Pioneer Natural Resources, Rio Tinto, Twilio, VICI Properties and Western Union.
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SYDNEY/BEIJING — China’s plan to centralize iron ore purchases has prompted questions whether the move could hit the bottomlines of global mining giants, such as Australia’s Rio Tinto and BHP Group. China, exposed to international prices of the steelmaking raw material as it must import nearly 80% of its annual consumption of about 1.2 billion […]
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China''s plan to centralise iron ore purchases has prompted questions whether the move could hit the bottomlines of global mining giants, such as Australia''s Rio Tinto and BHP Group.
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US equities were higher for the second consecutive day, but with the Fed still in a blackout period, the focus is squarely on Europe. Some concerns have been eased with Gas supply on Nort Stream 1 pipeline being restored, but plenty of risks ahead with the ECB meeting and Italian political saga unfolding in the day ahead. The Bank of Japan maintained its dovish policy, as expected. US 10-year Treasury yields jumped higher to 3.04% as Europe opened, but crude oil prices were lower amid weak demand concerns. On company earnings, hiring freezes appear to be broadening as cost pressures reign, and American Air (AAL), Travelers (TRV), Domino’s Pizza (DPZ) and Nucor (NUE) will be on tap today. Note: The Saxo Market Daily Podcast will return on Monday July 25 What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) Cautious gains were in the US equity futures in the overnight session continued, after Tesla reporting a Q2 earnings beat. Still, risk sentiment remained fragile ahead of the European Central Bank lift-off likely in the day ahead, and the Italian political crisis likely to unfold further.
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Although most financial advisors will steer the bulk of your investment decisions to the U.S. equities sector, going abroad offers some potentially profitable opportunities. For one thing, international markets may heighten your risk-reward profile, leading to greater gains potential in exchange for the risk. With that in mind, here are some of the best Australian stocks to buy now. Of course, the primary basis for the best Australian stocks to buy now is the underlying nation’s vast natural resources. With Russia’s invasion of Ukraine completely disrupting the modern global order, a significant portion of global energy supplies have been effectively axed for Western powers. Therefore, a pro-west government like Australia is a net positive from a geopolitical angle. 7 Best Small-Cap Growth Stocks to Buy Now However, it’s also important to realize that the best Australian stocks to buy now don’t exclusively focus on the resource sector. That’s how the Land Down Under got on the map, no doubt about it.
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UK''s top share index hit a three-week high on Wednesday, lifted by oil and mining stocks, even as a surge in inflation to fresh 40-year highs cemented bets for a bigger-than-usual rate hike by the Bank of England next month. The blue-chip FTSE 100 climbed 0.5% to its highest since June 29, with commodity-linked stocks such as Shell , BP, and Rio Tinto providing the biggest boost.
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Australian shares ended higher on Monday as a Wall Street rally on Friday boosted sentiment, while Suncorp Group gained on selling its banking business to Australia and New Zealand Banking Group in a $3.3 billion deal. The S&P/ASX 200 index closed up 81.5 points, or 1.2%, at 6,687.1, its biggest jump since late June. The biggest macro force at play was the strong rally in US stocks on Friday, after Citigroup’s earnings beat and steadying iron ore and other commodity prices, said Henry Jennings, a senior analyst and portfolio manager at Marcustoday Financial Newsletter. The domestic financial sector notched its biggest rise since early June with a 1.4% rise, with three out of four of Australia’s “Big Four” banks gaining between 1% and 1.9%. Among the top gainer on the sector index was insurer Suncorp Group, which rose 6.1% on selling its banking business to Australia and New Zealand Banking Group for A$4.9 billion ($3.33 billion). ANZ also plans on raising A$3.5 billion by way of stock issuance to fund the deal.
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SYDNEY : Rio Tinto said today (July 15) it was facing labour shortages in the resource-rich state of Western Australia and warned that rising inflation would impact its underlying earnings in the second half. Rising Covid-19 cases at its Pilbara operations have led to “elevated levels of unplanned absences”, driving a 2% drop in shipments of the steel-making commodity in the first half, the miner said. Adverse weather conditions also played spoilsport. For the second quarter, shipments rose 4.7% to 79.9 million tonnes (Mt), narrowly missing an RBC estimate of 80.2 Mt and a UBS estimate of 80 Mt. Rio kept its full-year iron ore shipment guidance unchanged at between 320 Mt and 335 Mt, as it expects its newly opened Gudai-Darri mine in Pilbara to continue to increase output and reach full capacity by 2023. “As Gudai-Darri continues to ramp-up, we expect increased production volumes and improved product mix in the second half,” Rio said in a statement. The results come as Rio takes on inflationary pressures and the risk of weaker demand for iron ore from top consumer China.
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Rio Tinto (RIO) -4.8%, BHP(BHP) -4.5% and Vale (VALE) -4.6% pre-market, as industrial metals prices fell across the board on Thursday with the dollar hitting 20-year highs against…
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London, July 13, 2022 (GLOBE NEWSWIRE) -- Aluminum has been one of the strategic resources that hold a significant impact on the national economy, transport, energy, as well as defence needs. As aluminum continues to gain ground as a viable substitute for a variety of metals, and other materials widely used across industries, global aluminum demand is expected to see an uptrend. The latest published report of Fairfield Market Research projects a healthy 5.8% CAGR for global aluminum market that would possibly experience more than doubled revenue growth between 2021 and 2030. By the end of the period of forecast, the market size is likely to reach US$498.5 Bn . Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/aluminium-market/request-sample Aluminum Consumption Upbeat with an Expanding Application Base Besides lighter weight, and superior heat and electricity conductivity, aluminum will remain sought-after for its excellent strength-to-weight ratio, corrosion resistance, and higher reflectivity.
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Australian shares were muted on Tuesday, after losses in miners offset strength in bank stocks, as investors awaited US economic data this week for clues on the Federal Reserve’s stance on monetary policy. The S&P/ASX 200 closed 0.1% higher at 6,606.30 points. The benchmark fell 1.1% on Monday. The Australian market is being influenced by macroeconomic data right now, so I think the market is going to be treading water until we get some more news this week, said Brad Smoling, managing director at Smoling Stockbroking. US consumer price index data for June is due on Wednesday and June retail sales data is expected on Friday. The data should provide clues on the outcome of the Federal Reserve’s upcoming policy meeting, where a 75 basis point (bps) interest rate hike is expected. Rate-sensitive financial stocks advanced 0.7%, with the “Big Four” banks—Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group—up between 0.1% and 1.4%.
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Related Stocks: GRMN , SBUX , RIO , BF.B , ROK ,
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