Leeuwin Metals Ltd’s Post

Well done

Worth watching this from Aaron Witt to get an idea of the scale of ore export Australia does. Every bit of steel used in construction globally comes from iron ore, which, for the most part, a few companies in Australia (Rio Tinto, BHP, Fortescue) dig up and ship worldwide. When we talk about reducing carbon emissions and climate change, we're talking about making steel or 'green iron' in Australia, so rather than ship the ore overseas by boat, we make the product here. So ALL of this infrastructure needs to change. Get your head around that. https://lnkd.in/gz-dumAR #climatechange #innovation #technology #mining #resources

Rio Tinto and Roy Hill push WA iron ore exports down The four largest Pilbara producers — BHP, Fortescue, Rio Tinto and Roy Hill — loaded vessels with a combined capacity of 16.40mn deadweight tonnes (dwt) on the week to 10 August, down from 17.85mn dwt in the week to 3 August. Rio Tinto's shipments dropped below the weekly average, BHP 's volumes fell and Roy Hill exports collapsed to just two vessels, indicating possible quarterly maintenance. Just Fortescue volumes rebounded. Overall iron ore shipments from WA during 1-10 August edged down to 24.36mn dwt from 24.75mn dwt a year earlier, provisional Argus data indicate. But shipments to China rose to 20.40mn dwt from 19.98mn dwt. Overall volumes fell because of lower exports to Japan, South Korea and Taiwan. Please like, subscribe, discuss! Read the full story in Argus Dry Freight (https://lnkd.in/eSfsS6vc) here: https://lnkd.in/e8WEc24M

Just how accurate are Kpler when looking at Iron Ore shipments for the big 4? Answer: The difference between Kpler Insight projections and the actual shipments or production by Rio Tinto, BHP and FMG are all within 1%. Zhiyuan LI takes a look at Q2 operational performance for Rio Tinto, Vale, BHP & FMG's Iron Ore portfolios in the below blog post. Please reach out to myself, Alexis Ellender or Zhiyuan LI if you would like to learn more. https://lnkd.in/eKtrxais

Iron Ore

Magnetite Mines Ltd (ASX:MGT) CEO Tim Dobson is back with Proactive’s Elisha Newell to deliver the highlights of the company’s latest quarterly report. The first three months of 2024 saw MGT make headway on several key endeavours as it continues to shape the cornerstone Razorback Iron Ore Project, where it's out to deliver premium ‘DR-grade’ iron ore concentrates to support emerging demand from the decarbonising iron and steelmaking industry. Over the quarter, the company made headway on its strategic partnering discussions, with due diligence completed by several key groups and transactional negotiations in progress. This process took company reps to Japan and Saudi Arabia to engage in face-to-face meetings with some prospective partners, which accelerated relationships with several of MGT’s target groups. Another highlight was a memorandum of understanding inked with the Port Pirie Regional Council, which... Watch at #Proactive #ProactiveInvestors http://ow.ly/aeEy105rggL

After hitting a record high of 48.5 million tonnes in June, the volume of iron ore shipments to China from Port Hedland, the top iron ore dispatch terminal in Western Australia, slumped by 29.6% on month to just 34.1 million tonnes in July, new data released by the Pilbara Ports Authority (PPA) show. The July tonnage was also 8.3% lower than that in July 2023. In contrast to the steep fall in Hedland's iron ore shipments to China last month, those shipped to South Korea and Japan, the second- and third-largest destinations for the port's iron ore exports, both increased from June. Read in full: 🔗 https://lnkd.in/grBNZi9g #China #Australia #ironore #shipment #PortHedland

Industrial #Commodity #narratives 23/05/24: - Brent falls 1.2% on stronger US$ and rising inventory - Gas prices hit highs back to Jan in the US and for the year in Europe on lead contractor for Golden Pass LNG project in Texas filing for bankruptcy and strong Asian demand - Copper slumps 4.2% on signs of slowing sales in China and record Shanghai inventory for this time of year - Anglo rejects revised BHP bid, though agrees to talk - Iron ore holds above $120 as analysts describe the Chinese 'unsold property plan' as a 'drop in the ocean'

Some folks think I am a bit weird to recommend BHP Group $BHP.AX when iron ore is testing marks below $90 USD/tonne. Yeah, whatever. I am an investor. I am not some bullshit journalist writing for the local Chux superwipe replacement cleaning product. That is not what I do. Olympic Dam is the biggest uranium resource in the world, plus a very big copper resource. Guess what? You need to expand the uranium production to expand the copper production, and vice versa. Ergo you need a good price for copper and a good price for uranium. Our ultra-moron financial journalists don't understand that, so they regularly cite some idiot from New York or London waffling on about copper and AI. Well (expletive), did you do the math on where copper is actually used? I mean really. BHP Group successfully tested cost-basis one week ago. I was watching it because that is my own private sentiment indicator. It was a screaming buy then, and it remains a screaming buy now because you, dear reader, have the great good fortune to be buying and selling stocks in the very dumbest financial market on earth. The opportunities will just keep coming :-) #Copper #Uranium #OlympicDam #AddOneAndOneToGetTheRightAnswer

The Upcoming Iron Ore headache For Australia, the world's leading exporter, a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29 is on the cards. Australia's iron ore export volumes are projected to increase by 1.6% annually over the outlook period up to 2029. BUT prices have been volatile and are projected to decline over the next few years. In terms of specific developments, major Australian miners like Rio Tinto, BHP, and Fortescue are expected to continue their expansion activities. For example, Rio Tinto's Gudai-Darri mine and BHP’s South Flank operations are key contributors to this increase in output. Additionally, the involvement of entities like the China Mineral Resources Group (CMRG) in negotiations could influence market dynamics, particularly in terms of pricing and contract terms with major iron ore suppliers. Source: Resources Quarterly Mar 2024 Rio Tinto BHP Fortescue #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights