But of course, if you believe the mining sector will continue to boom in the next few years, MACA might not be that expensive at all. This first half might be just a momentary slip in what could be far more profits to come.
Smartphones, big data, artificial intelligence, cryptocurrency mining and emerging blockchain technologies, are all pushing demand in this sector. Could it be a very unexpected double boost for zinc then?
For our heavily weighted mining and banking based stock market, there’s been no real tailwinds to really drive the general index along. Thankfully this could be set to change…
The boom times are here for everyone it seems…Well, not everyone. The poor old Australian stock market is lagging behind in this period of record highs. In fact, it still needs to rise about 17% to get to the levels of 10 years ago.
If we’re right, then there are a few select graphite companies that are set to benefit from this electric vehicle boom. This one is a mining company whose sole focus is the mining and production of natural graphite for the electric vehicle market.
Iron ore rallied in July and August. Yet it has plummeted in the last few weeks after fears that the crack-down on pollution could affect both supply and demand of the iron ore market.
The share price for Sheffield Resources Ltd [ASX:SFX] has gained 10.7% today. What caused the share price hike?
Australian gold miner shares fell after the US Federal Reserve´s meeting yesterday. As predicted, the Fed kept the interest rates on hold at 1%–1.25%.
Tech stocks are hot, and no one wants to get off the train right now. While I wouldn’t want to bet against tech stocks here, I wouldn’t want to own them either. There are better value opportunities around with more upside potential. Like energy stocks.
This morning, BHP Billiton Ltd [ASX:BHP] fell 2.2% to $26.68 per share. BHP isn’t the only miner down today. Rio Tinto Ltd [ASX:RIO] and Fortescue Metals Group [ASX:FMG] also traded lower, down 1.6% and 1.5% respectively.