[Rewards] What do you think of the recent mining stocks rally?

Tiger_AU
2022-11-30
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Australian miner’s stocks, BHP, RIO, and FMG, are heading off the best month since 2007. Investors have been bidding up the ASX 200 miners today after a boost in iron ore futures prices.

The industrial metal leapt 3% to US$100.40 (AU$149.80) per tonne. That’s up from just over US$81 per tonne on 1 November. And it’s the highest price the industrial metal has fetched in two months, since 29 September.

The Chinese government has intensified its efforts to assist China's struggling property market, which will benefit Australian iron ore exports and mining-related companies.

I would like to invite you to participate in a discussion regarding the recent rally in mining stocks rally. You will win Tiger coins for your participation.

💡Share Your Insights

Please leave a message in the comments section of this post, and share your insights regarding the recent rally in mining stocks 💸💸💸

  • What do you think of the recent mining stocks rally?
  • What do you think will be the future trend of the mining stocks?
  • Would you recommend any stocks that are related to Australian miner’s stocks?

🎁Prizes

  • All Tigers who comment on the following post will receive 10 Tiger Coins.
  • 10 Tigers will receive 100 coins for the most popular and high-quality comments.
  • In addition, you get a chance to win a Tiger cap🐯🐯🐯🐯( Merchandise is only for AU citizens ).

⏰Activity Duration

30 November, 2022-7 December, 2022 AEST

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Comments

  • Eyesclean
    2022-12-04
    Eyesclean
    Win 400 Tiger-coins
    资源矿产还是会涨的
  • teleaha34
    2022-12-04
    teleaha34
    Win 400 Tiger-coins
    Great ariticle, would you like to share it?
  • MondayRain
    2022-12-04
    MondayRain
    Win 400 Tiger-coins
    Thanks for sharing
  • valueTrader
    2022-12-05
    valueTrader
    Win 400 Tiger-coins
    it's speculative. will drop soon
  • LMSunshine
    2022-12-05
    LMSunshine
    Win 400 Tiger-coins
    I think the rally in miners will sustain despite being volatile. 🇨🇳’s easing of Covid restrictions greatly boosted iron ore prices. However I’m more 🐂-ish about lithium stocks then iron stocks because if recession hits, my reasoning is that building of houses will be more affected than production of EVs. Bought 2 extra lithium stocks when it was on sale🛍 Was green last week but just turned red-confirming the volatility. Recommend $Allkem Limited(AKE.AU)$ as it’s a current producer of lithium with strong production record and I suspect earnings for this quarter will be high due to 🇨🇳’s reopening🤓
    • RedpillBluep: 
      Thanks again bro! [Salute]
    • Universe宇宙ReplyLMSunshine: 
      [Like] [ShakeHands]
    • HelenJanetReplyLMSunshine: 
      Thanks 👍👍🌈🌈
    • LMSunshine: 
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  • koolgal
    2022-12-02
    koolgal

    🌟🌟🌟Australia is currently in the midst ofa supercycle for commodities following a surge in commodity prices.  The catalysts for this is due to the Ukrainian war, the current ban on Russian commodities such as oil by US and its allies and China's move to slowly relax Covid 19 restrictions.

    Coal prices remain near record highs with Newcastle grade thermal coal paying over USD345/t today compared to the dark days of pandemic when coal prices fell as low as USD 48/t.

    $New Hope(NHC.AU)$  is my pick for coal mining share.  Its share price has jumped a whopping 191% in the past year from a low AUD 1.96 to AUD 5.88. 

    New Hope's EBIDTA is up 167% in October quarter to AUD 648.1 million compared to AUD 242.5 million in the same quarter in 2021.  New Hope has AUD 1.8 billion in cash and pays a generous dividend yield of 8.16%.

    New Hope is a cash machine as the demand for high quality thermal coal is high due to the Ukrainian war and demand outstripping supply.

    @Tiger_AU  

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