Mining Selloff Suggests Commodities Expected to Go Lower -- Market Talk

Dow Jones2025-04-09

0621 GMT - The continuing selloff in mining stocks suggests investors expect more falls in commodity prices ahead, according to Citi analyst Paul McTaggart. He says nearly two-thirds of the Australian mining stocks Citi covers are trading below discounted cash flow under both base-case commodity price forecasts and holding spot commodity prices for five years. "Value is now apparent," says McTaggart. "That said, if we are heading into a global metals recession, then commodity prices will fall further." Citi views steel and iron ore as relatively defensive, given that Chinese stimulus could provide some demand support. In Sydney, BHP is down 3.5% and Rio Tinto is 5.0% lower. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

April 09, 2025 02:21 ET (06:21 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2526863213?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-09 14:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2526863213","market":"sg","top_or_hot":-1,"title":"Mining Selloff Suggests Commodities Expected to Go Lower -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0621 GMT - The continuing selloff in mining stocks suggests investors expect more falls in commodity prices ahead, according to Citi analyst Paul McTaggart. He says nearly two-thirds of the Australian mining stocks Citi covers are trading below discounted cash flow under both base-case commodity price forecasts and holding spot commodity prices for five years. \"Value is now apparent,\" says McTaggart. \"That said, if we are heading into a global metals recession, then commodity prices will fall further.\" Citi views steel and iron ore as relatively defensive, given that Chinese stimulus could provide some demand support. In Sydney, BHP is down 3.5% and Rio Tinto is 5.0% lower. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 02:21 ET (06:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mining Selloff Suggests Commodities Expected to Go Lower -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMining Selloff Suggests Commodities Expected to Go Lower -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-09 14:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0621 GMT - The continuing selloff in mining stocks suggests investors expect more falls in commodity prices ahead, according to Citi analyst Paul McTaggart. He says nearly two-thirds of the Australian mining stocks Citi covers are trading below discounted cash flow under both base-case commodity price forecasts and holding spot commodity prices for five years. \"Value is now apparent,\" says McTaggart. \"That said, if we are heading into a global metals recession, then commodity prices will fall further.\" Citi views steel and iron ore as relatively defensive, given that Chinese stimulus could provide some demand support. In Sydney, BHP is down 3.5% and Rio Tinto is 5.0% lower. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2025 02:21 ET (06:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BHP","symbol_name":"必和必拓公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2526863213","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2526863213","pubTimestamp":1744179660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0621 GMT - The continuing selloff in mining stocks suggests investors expect more falls in commodity prices ahead, according to Citi analyst Paul McTaggart. He says nearly two-thirds of the Australian mining stocks Citi covers are trading below discounted cash flow under both base-case commodity price forecasts and holding spot commodity prices for five years. \"Value is now apparent,\" says McTaggart. \"That said, if we are heading into a global metals recession, then commodity prices will fall further.\" Citi views steel and iron ore as relatively defensive, given that Chinese stimulus could provide some demand support. In Sydney, BHP is down 3.5% and Rio Tinto is 5.0% lower. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BHP":"必和必拓公司","BHP.AU":"BHP GROUP LTD","BK7095":"多种金属与采矿","BK7511":"ESG概念","BK4585":"ETF&股票定投概念","BK4168":"多种金属与采矿","RIO.AU":"力拓","BK4588":"碎股","RIO":"力拓","BK7507":"资源股"},"translate_title":"矿业抛售表明大宗商品预计将走低——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO.AU":0.9,"BHP":0.9,"RIO":0.9,"BHP.AU":0.9},"content_text":"0621 GMT - The continuing selloff in mining stocks suggests investors expect more falls in commodity prices ahead, according to Citi analyst Paul McTaggart. He says nearly two-thirds of the Australian mining stocks Citi covers are trading below discounted cash flow under both base-case commodity price forecasts and holding spot commodity prices for five years. \"Value is now apparent,\" says McTaggart. \"That said, if we are heading into a global metals recession, then commodity prices will fall further.\" Citi views steel and iron ore as relatively defensive, given that Chinese stimulus could provide some demand support. In Sydney, BHP is down 3.5% and Rio Tinto is 5.0% lower. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 02:21 ET (06:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2526863213","isCrawlerRequest":true}