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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@QuantumRBC Global Mining and Metal Outlook Q2
2017 #ironore price forecast is up by 25% to US$84.50/tonne
• 2017 alumina price forecast is up 16%
• 2017 #copper, #aluminum and #zinc price forecasts increased by 10% , 10% and 8%, respectively
• 2017 spot coking #coal price forecast is down 18%
@singerOne thing I have decided reading all the #ironore news floating around is that nobody has any idea why the markets have been behaving as they have. I have decided to just let the IO price run its course for 12-24 months and hope for a profitable margin at MMS. I have decided that most online journalists just have no idea. How could they? Nobody does.
@Goldfinger@Picsou$Copper clearly a much stronger market than $IronOre - $FCX not a great gauge for copper trade here given it's Indonesia issues. Other copper producers such as Southern Copper $SCCO or Copper Mountain $CMMC are still well above pre-US election levels but the charts are still breaking down below key support this week.
@kipkeen@hRA-Coffin would add re #ironore that Vale argues the quality in the mountains of iron ore (real in the ports) is imbalanced (lots of crap) and it sees mine stockpiles as low in China. So they see ok 2017 ~$70/tonne, near seaborne/China concentrate breakeven, we'll see. Still loads of supply longer term = issue.