Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Fortescue Metals (FMG AU): Strong H1, Pre-2030 Earnings Bump From Decarbonization + Iron Bridge

Iron Ore: Demand Recovery Builds, but Contract Negotiations Could Reintroduce Supply Risk

Iron Ore Monthly (March 2026): War-Led Rally Lifts Prices, But Options Point to a Q3 Reversal

Iron Ore Price Below 100 USD/Ton: Subdued By High Port Inventories And Tepid China Data

Iron Ore: Hanging By A Thread At 100 USD/Ton, When Will Massive Restock At Ports Reverse?

Fenix Resources (FEX AU) Q2FY26 Concall: Record Production Quarterly, 49% OCF Yield Annualized

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>
<a href="https://baike.baidu.com/en/item/China%20Mineral%20Resources%20Group%20Co.,%20Ltd./14715" target="_blank" rel="noopener">China Minerals Resources Group's </a>restrictions on the purchase of <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a> have led to restocking from alternative sources, as seen in port numbers. </li>
<li>Inventory at the ports is now over 47 days, with Jan-Feb import volumes at 210 million tons, up 10% YoY according to China Customs Data. </li>
<li>We see a widening of the 65-62 spread as higher-grade products may be preferred to preserve blast furnace efficiency.  </li>
</ul>



China Minerals Resources Group's restrictions on the purchase of BHP Group Ltd (BHP AU) have led to restocking from alternative sources, as seen in port numbers. 
Inventory at the ports is now over 47 days, with Jan-Feb import volumes at 210 million tons, up 10% YoY according to China Customs Data. 
We see a widening of the 65-62 spread as higher-grade products may be preferred to preserve blast furnace efficiency.  


Iron Ore: All Eyes On CMRG Negotiation, China Imports And Restocking Strong: Negative Long-Term