Teck Resources (TCK) reports tomorrow. I hope they stop thinking about getting into iron ore. Vale is a $17 stock. Iron ore inventories at China’s ports hit a record by Sober Look. Iron ore price spirals to 8-month low; traders draw 2008 comparisons at Mining. Front-end iron ore swaps selloff flattens curve at Platts. Iron Ore-Spot prices extend losses; outlook weak from Reuters. Long term “Global iron ore demand is set to double” at Intierra.
Indonesia ‘requests’ 51% of Grasberg, Freeport agrees to 9.3% ‘at the moment’. What happens next? at Mining. Who ever thought FCX would have a dividend yield more than double the 10 year Treasury and look so bad?
“Bill Gross…real assets are a “better bet” amid negative real interest rates. Investors may be able to maintain purchasing power with real assets…” Bloomberg
Water is the new gold, a big commodity bet at Marketwatch.