News - Market Insights

Australia's biggest export earners, iron ore and coking coal, should be fetching stronger than expected prices in coming years according to Credit Suisse (reports The Australian Financial Review). Disruptions in the supply of both commodities have triggered a price surge in 2019, and Credit Suisse responded this week by announcing large upgrades to its price forecasts.

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Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian).

Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian). The deal will see DSKH take all of the titanium dioxide pigment produced by its Mt Peake vanadium and titanium project in the Northern Territory. TNG shares jumped 45 per cent to 4.5¢ before dipping to be 3¢ up at 13¢ as at 12.30pm. The company and DKSH have been negotiating a binding deal since disclosing in October that they were in talks.

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Investors have been re-enthused by Pure Alumina’s effective claim all is going well with its planned A$27 million Polar Sapphire acquisition in Canada

Investors have been re-enthused by Pure Alumina’s effective claim all is going well with its planned A$27 million Polar Sapphire acquisition in Canada, with the Tolga Kumova-backed microcap enjoying a couple of strong headline trading sessions (reports MiningNews). Pure Alumina shares more than doubled after it reported the Polar pilot plant in Toronto had been operating well for the past two weeks producing high purity alumina from use of proprietary technology.

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Following a string of positive news in its March quarterly and the recent positive election results in South Africa with the re-election of the ANC, base metals developer Orion Minerals (ASX: ORN) is set for a “number of positive” catalysts

Following a string of positive news in its March quarterly and the recent positive election results in South Africa with the re-election of the ANC, base metals developer Orion Minerals (ASX: ORN) is set for a “number of positive” catalysts at its flagship Prieska zinc-copper project in South Africa – according to Sydney-based institution broker Petra Capital.

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A lot of metal was locked away forever when the Hawke Labor government banned mining at the Coronation Hill deposit on aboriginal and environmental grounds by including it inside Kakadu national park (reports Barry FitzGerald on Stockhead). The 1991 ban locked away 1.4 million oz of gold, 300,000 oz of platinum group metals, and some 340,000 tonnes of uranium.

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At various times in the market there will be particular sectors that go for a run

At various times in the market there will be particular sectors that go for a run – lithium, for example (reports Stockhead). But right now, according to Wendt, it is more about individual stocks than one sector being the hot favourite. “18 months ago it didn’t matter what stock you looked at in the lithium space, everything was moving and everything was moving rapidly and you sort of get that with the first wave I think of any new hot fashionable sector,” he told Stockhead.

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Hartleys has maintained its accumulate recommendation for Sandfire Resources

Hartleys has maintained its accumulate recommendation for Sandfire Resources but cut its 12-month price target to $7.36 from $8.17 after another good quarter by the copper miner (reports The West Australian). Sandfire’s biggest challenge is the depletion of its flagship DeGrussa mine, near Meekatharra, which needs a new discovery to extend its life past 2022. Hartleys noted the recent release of a draft environmental impact statement for Sandfire’s 86 per cent-owned Black Butte copper project in Montana.

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Owning one of the biggest virgin gold discoveries in the last 15 years in Western Australia does not necessarily deliver a premium market rating. Not immediately anyway

Owning one of the biggest virgin gold discoveries in the last 15 years in Western Australia does not necessarily deliver a premium market rating. Not immediately anyway (reports Barry FitzGerald on Stockhead). Just ask Breaker Resources which last traded at 35.5c for a market value of $64 million. It has the lowest market value per oz of gold resource in-the-ground amongst its peer group. Yet its Bombora discovery at its Lake Roe project, 100km east of Kalgoorlie, comfortably sits amongst the biggest virgin gold discoveries of the last 15 years.

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