Raising Near-Term Commodity Price Forecasts, but Long-Term Outlook Unchanged
Mined commodities and mining stocks have seen massive gains in 2016. The coking coal price quadrupled, iron ore and thermal coal doubled, and copper is up about 35% this year. Demand exceeded expectations thanks to China’s debt-fuelled stimulus. With approximately 80% of China’s steel used for investment oriented activity, steel demand is particularly sensitive to stimulus. China’s leading share of commodity consumption means relatively small changes in demand have outsized impacts on global mar...Mount Gibson Iron is a producer and exporter of iron ore. Co. is involved in the mining of hematite iron ore deposits at Koolan Island and Extension Hill, the exploration and development of hematite deposits in Western Australia and elsewhere, treasury management and the pursuit of mineral resources investments. Co. owns the Extension Hill mine in the Mount Gibson Range south east of Geraldton, and the Koolan Island mine off the Kimberley coast in the remote north-west of the State.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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