Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Thematic (Sector/Industry)

<ul><li>BHP bullish on copper, bearish on iron ore due to buying Filo with Lundeens</li><li>FMG share price down nearly 40% with export volumes shrinking and rising costs in WA operations</li><li>Iron ore prices break below $100/ton for the first time in a while, China steelmaker Jiangsu DeLong facing counterparty risk and property market struggles due to lack of demand and unfinished projects</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

BHP bullish on copper, bearish on iron ore due to buying Filo with LundeensFMG share price down nearly 40% with export volumes shrinking and rising costs in WA operationsIron ore prices break below $100/ton for the first time in a while, China steelmaker Jiangsu DeLong facing counterparty risk and property market struggles due to lack of demand and unfinished projectsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Largest Acquisition of an Undeveloped Project in Decades

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul><li>Markets remain focused on 2-3 rate cuts from the Fed, growth not rolling over fully, and inflation continuing its downward trajectory.</li><li>There seems to be no way to change this narrative among market participants.</li><li>The slightly hawkish PCE in the US and today’s relatively high German inflation print (in harmonized terms) had a hard time moving rates markets, which are currently pricing more than 2.5 cuts from the Fed and more than 2 cuts from the ECB by year-end, with Fed September pricing even showing a tiny lean towards 50 bps.</li></ul>

Markets remain focused on 2-3 rate cuts from the Fed, growth not rolling over fully, and inflation continuing its downward trajectory.There seems to be no way to change this narrative among market participants.The slightly hawkish PCE in the US and today’s relatively high German inflation print (in harmonized terms) had a hard time moving rates markets, which are currently pricing more than 2.5 cuts from the Fed and more than 2 cuts from the ECB by year-end, with Fed September pricing even showing a tiny lean towards 50 bps.

Positioning Watch – Metals bets are finally being squared, but retail is piling in

<ul>
<li>China could be the disinflationistas big hope from here. The export price index is not yet picking up in China despite some signs of early increases.</li>
<li>The potential re-inflation story will likely be forewarned in the Chinese PPI again. There are some early signs of improvement in Shipping to be seen.</li>
<li>The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being increasingly attractive from a risk/reward perspective.</li>
</ul>


China could be the disinflationistas big hope from here. The export price index is not yet picking up in China despite some signs of early increases.
The potential re-inflation story will likely be forewarned in the Chinese PPI again. There are some early signs of improvement in Shipping to be seen.
The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being increasingly attractive from a risk/reward perspective.


Energy Cable: The demand outlook in China is dreadful to say the least …

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>Commodity Popcorn Markets During the week, I saw a tweet by the legendary commodities trader Peter Brandt.</li><li>The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry Williams Research.</li><li>Both look at markets very different and have a strong track record.</li></ul>

Commodity Popcorn Markets During the week, I saw a tweet by the legendary commodities trader Peter Brandt.The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry Williams Research.Both look at markets very different and have a strong track record.

Commodity Popcorn Markets // Coffee Bubble About To Burst?

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Are we witnessing a short-term carry-trade unwind or a trend change?</li>
<li>A short-term bounce in the USDJPY will provide an opportunity to reposition</li>
<li>Industrial metals take the brunt of the unwind in the commodity sector</li>
</ul>


Are we witnessing a short-term carry-trade unwind or a trend change?
A short-term bounce in the USDJPY will provide an opportunity to reposition
Industrial metals take the brunt of the unwind in the commodity sector


Nowhere to Run to Baby, Nowhere to Hide! Part 2

United States

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29. It is a soft, malleable and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a reddish-orange color. It is used as a conductor of heat and electricity, as a building material and as a constituent of various metal alloys, such as Sterling silver used in jewelry, cupronickel used to make marine hardware and coins and constantan used in strain gauges and thermocouples for temperature measurement.

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Copper (COPPER COMDTY)

The Largest Acquisition of an Undeveloped Project in Decades

BHP bullish on copper but bearish on iron ore, FMG experiencing block trades and share price decrease, uncertainty in future projects and executive...

Money of Mine

Positioning Watch – Metals bets are finally being squared, but retail is piling in

Markets remain focused on 2-3 rate cuts from the Fed, growth not rolling over fully, and inflation continuing its downward trajectory. There seems...

Steno Research

Energy Cable: The demand outlook in China is dreadful to say the least …

The bottom-line is that we are still playing the metals space from the short side, while we don’t hold any energy longs despite it being...

Steno Research

Commodity Popcorn Markets // Coffee Bubble About To Burst?

The technical part of Kucrop Analytics institutional commodity research arm is heavily influenced by Peter Brands Research, as well as Larry...

The Commodity Report

Nowhere to Run to Baby, Nowhere to Hide! Part 2

In summary, we expect the unwinding of JPY shorts to continue driving more volatility in markets providing opportunities in certain sectors. The...

Rikki Malik

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