Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

<ul>
<li>Chinese officials unveiled a broad set of economic support actions, including rate reductions and substantial liquidity infusions, as part of intensified efforts to cushion the economy from U.S. trade tensions. </li>
<li>Top U.S. and Chinese officials will meet in Switzerland from May 9–12 to ease trade tensions, boosting investor sentiment and driving iron ore futures to a near two-week high. </li>
<li>China's factory output contracted in April, with both the official NBS and Caixin PMI reports showing a decline in manufacturing activity amid weakening foreign demand.</li>
</ul>


Chinese officials unveiled a broad set of economic support actions, including rate reductions and substantial liquidity infusions, as part of intensified efforts to cushion the economy from U.S. trade tensions. 
Top U.S. and Chinese officials will meet in Switzerland from May 9–12 to ease trade tensions, boosting investor sentiment and driving iron ore futures to a near two-week high. 
China's factory output contracted in April, with both the official NBS and Caixin PMI reports showing a decline in manufacturing activity amid weakening foreign demand.


[IO Fundamentals 2025/18] Policy Easing and Trade Diplomacy: China’s Coordinated Economic Push

<ul>
<li>SGX Iron Ore Futures fell 4.3% WoW to $95.85/ton, closing just above S2 support as bearish momentum strengthened</li>
<li>Prices are trading below all key moving averages, with a recent death cross and RSI at 38.17, indicating continued downside risk</li>
<li>Managed Money and Physicals turned net short, while total futures and options open interest rose 4.2% WoW, reflecting rising bearish positioning</li>
</ul>


SGX Iron Ore Futures fell 4.3% WoW to $95.85/ton, closing just above S2 support as bearish momentum strengthened
Prices are trading below all key moving averages, with a recent death cross and RSI at 38.17, indicating continued downside risk
Managed Money and Physicals turned net short, while total futures and options open interest rose 4.2% WoW, reflecting rising bearish positioning


[IO Technicals Weekly 2025/18]: Bearish Momentum Strengthens

<ul>
<li>PBoC holds the 1-year loan prime rate (LPR) at 3.1% and the 5-year LPR at 3.6%; both historic lows as trade tensions persist. </li>
<li>China’s Politburo vows faster bond issuance, lose monetary policy, and job protection measures to counter persistent economic challenges.</li>
<li>Iron ore inventories at Chinese ports increased in late April, ending a three-week decline, signaling softening near-term demand.</li>
</ul>


PBoC holds the 1-year loan prime rate (LPR) at 3.1% and the 5-year LPR at 3.6%; both historic lows as trade tensions persist. 
China’s Politburo vows faster bond issuance, lose monetary policy, and job protection measures to counter persistent economic challenges.
Iron ore inventories at Chinese ports increased in late April, ending a three-week decline, signaling softening near-term demand.


[IO Fundamentals 2025/17] Stimulus Buzz Fuels Recovery and IO Inventories Expand

<ul>
<li>SGX IO Futures gained $2.69/ton this week, closing at $100.24/ton on April 23, breaking above the R1 level of $99.00/ton.</li>
<li>Managed Money flipped to net short while Physicals turned net long, signaling a major positioning shift</li>
<li>MACD divergence and RSI at 51.09 reflect building bullish momentum despite prices trading below long-term moving averages.</li>
</ul>


SGX IO Futures gained $2.69/ton this week, closing at $100.24/ton on April 23, breaking above the R1 level of $99.00/ton.
Managed Money flipped to net short while Physicals turned net long, signaling a major positioning shift
MACD divergence and RSI at 51.09 reflect building bullish momentum despite prices trading below long-term moving averages.


[IO Technicals Weekly 2025/17] Bullish Momentum Builds

<ul>
<li>China's economy grew 5.4% in Q1 2025, matching Q4 2024 and beating forecasts, as manufacturers boosted exports ahead of Trump’s tariffs. </li>
<li>China's March retail sales (+5.9% YoY) and factory output (+7.7% YoY) beat forecasts, accelerating from Jan-Feb growth as economic recovery gains momentum. </li>
<li>Iron ore inventories fell further in April, with both SMM and CISA reporting weekly drops. Weather-disrupted port operations tightened supply, supporting prices, though US-China trade tensions add demand uncertainty. </li>
</ul>


China's economy grew 5.4% in Q1 2025, matching Q4 2024 and beating forecasts, as manufacturers boosted exports ahead of Trump’s tariffs. 
China's March retail sales (+5.9% YoY) and factory output (+7.7% YoY) beat forecasts, accelerating from Jan-Feb growth as economic recovery gains momentum. 
Iron ore inventories fell further in April, with both SMM and CISA reporting weekly drops. Weather-disrupted port operations tightened supply, supporting prices, though US-China trade tensions add demand uncertainty. 


[IO Fundamentals 16/2025] Robust China Data and Shrinking IO Inventories

Research analyst adept in global commodities and US macroeconomics, specializing in directional, long/short, relative value, and options strategies.

Pranay Yadav
Metals, Ores, and Mining Firms
• Mint Finance

[IO Fundamentals 2025/18] Policy Easing and Trade Diplomacy: China’s Coordinated Economic Push

As U.S. trade tensions deepen, China’s synchronized monetary, diplomatic, and industrial efforts aim to stabilize markets and buffer slowing...

Mint Finance

[IO Technicals Weekly 2025/18]: Bearish Momentum Strengthens

Intensifying downside momentum in IO, underscored by weakening technical indicators, shifting speculative positioning, and a macro landscape...

Mint Finance

[IO Fundamentals 2025/17] Stimulus Buzz Fuels Recovery and IO Inventories Expand

Amid mounting trade tensions and a challenging external environment, China’s policymakers are reinforcing monetary support and job protections. IO...

Mint Finance

[IO Technicals Weekly 2025/17] Bullish Momentum Builds

IO rose this week, driven by improved U.S.-China trade sentiment, strong Chinese steel production, and shifting investor positioning. Technicals...

Mint Finance

[IO Fundamentals 16/2025] Robust China Data and Shrinking IO Inventories

China's economy beats forecasts in Q1 2025 with strong growth in exports, retail sales, and factory output, despite US-China trade tensions. IO...

Mint Finance

[IO Fundamentals 2025/18] Policy Easing and Trade Diplomacy: China’s Coordinated Economic Push

As U.S. trade tensions deepen, China’s synchronized monetary, diplomatic, and industrial efforts aim to stabilize markets and buffer slowing...

Mint Finance

[IO Technicals Weekly 2025/18]: Bearish Momentum Strengthens

Intensifying downside momentum in IO, underscored by weakening technical indicators, shifting speculative positioning, and a macro landscape...

Mint Finance

[IO Fundamentals 2025/17] Stimulus Buzz Fuels Recovery and IO Inventories Expand

Amid mounting trade tensions and a challenging external environment, China’s policymakers are reinforcing monetary support and job protections. IO...

Mint Finance

[IO Technicals Weekly 2025/17] Bullish Momentum Builds

IO rose this week, driven by improved U.S.-China trade sentiment, strong Chinese steel production, and shifting investor positioning. Technicals...

Mint Finance

[IO Fundamentals 16/2025] Robust China Data and Shrinking IO Inventories

​China's economy beats forecasts in Q1 2025 with strong growth in exports, retail sales, and factory output, despite US-China trade tensions. IO...

Mint Finance

China's economy beats forecasts in Q1 2025 with strong growth in exports, retail sales, and factory output, despite US-China trade tensions. IO...