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…
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.
Nickel advanced as much as 2.9% to $12,380 per metric ton on the London Metal Exchange — its highest since June 2015. It joins copper at new multi-year highs...
Syrah Resources Ltd [ASX:SYR] shares are up 6.99% today after the company received some good news.