Articles On Legacy Iron Ore (ASX:LCY)

Title Source Codes Date
Closing Bell: ASX 200 rides Wall Street tailwinds as optimism rises

The ASX200 is riding Wall Street’s coattails today up 044% Nine out of eleven sectors were higher, with real estate leading the charge Technology was a close second with the help of a unicorn takeover bid   Wall Street rallied on Friday a...

Stockhead LCY 13 hours ago
Bulk Buys: The Russian coal ban is here, and that could mean even more demand for Australian miners

Coal miners will be watching international markets closely tonight as a ban on Russian coal proposed by the European Commission back in April comes into effect. Ever since Russia’s invasion of Ukraine, the frailty of European energy markets...

Stockhead LCY 6 days ago
Gold Digger: US$3,000/oz gold price could be on the cards for 2023, mining boss says

EVN’s Jake Klein predicts US$2-US$3,000/oz gold price for this time next year Is a wave of merger and acquisition activity coming in the ASX gold space? Bounce back in vehicle production to boost PGM demand Gold price hits a four-week high...

Stockhead LCY 1 week ago
Gold Digger: Is this the rally gold bugs have been waiting for?

Gold price hits three-week high post-FOMC rates decision ASX Quarterly Gold Wrap: producers hit a low bar, investors are pleased Gold demand falls in H1 as cost-of-living pressures bite, WGC says Our Gold Digger column wraps all the news...

Stockhead LCY 2 weeks ago
Bulk Buys: Goldman goes bearish, market goes bullish on iron ore

Goldman Sachs analysts say iron ore prices could drop faster than expected on bearish steel sentiment But iron ore prices have strengthened as steel margins have improved and Chinese authorities have moved to support its property market an...

Stockhead LCY 2 weeks ago
Gold Digger: Gold slides 5% for July, recovery hinges on recession fears

Gold is down 5% for July and on a broader downward trajectory, Metals Focus says Aeris Resources’ Golden Plateau deposit could extend the mine life at Cracow Golden State Mining has kicked off drilling at the Yule project in WA   Our Gold...

Stockhead LCY 3 weeks ago
Gold Digger: Gold battles the dollar for safe haven status and JP Morgan in the hot seat

The US dollar looks set to reach 20-year highs, impacting gold’s safe haven status JP Morgan employees on trial in Chicago after ‘spoofing trades’ accusations PGM supply through the recycling of auto catalysts has taken a hit ‘cos Covid O...

Stockhead LCY 1 month ago
Bulk Buys: Iron ore ‘a pure demand story’ as supply struggles to grow

Fenix Resources boss Rob Brierley says weakness in iron ore supply means prices will be set by demand Iron ore futures in Singapore hit 2022 low as China’s steel mills drop prices Coal miners begin to look cheap again as thermal prices pic...

Stockhead LCY 1 month ago
Monsters of Rock: Rinehart is all dressed up to rock Pilbara iron ore expansion

WA EPA opens environmental review for new Rinehart mine in the Pilbara McPhee Creek slated to produce up to 14Mt of iron ore a year over a 15 year life Miners tank as Singapore iron ore futures hit 3 week low It’s no secret Gina Rinehart’...

Stockhead LCY 1 month ago
Gold Digger: US retail demand for gold, silver bars ‘almost insatiable’, Metals Focus says

Swiss data shows the highest total January to May bullion shipments since 2018 On a year-to-date basis US gold imports surged by 170% to 103t US also the largest destination for Swiss silver bullion, accounting for ~30% of the total; up fr...

Stockhead LCY 1 month ago
Bulk Buys: Iron ore junior Fenix takes a page out of the majors’ book with haulage deal

Fenix Resources buys out haulage JV to take control of logistics, mimicking the structure of the Pilbara majors Rio Tinto opens 43Mtpa Gudai-Darri mine in the Pilbara as junior Strike prepares first shipment from Paulsens East Queensland c...

Stockhead LCY 1 month ago
Gold Digger: The world’s top gold exec says bullion is enjoying ‘a new floor’ amidst inflation

Newmont’s Tom Palmer says gold may have found new floor of ~US$1600/oz in the wake of inflation With small gold miners are struggling with rising supply chain and labour costs, Palmer says consolidation in the sector makes sense Drilling r...

Stockhead LCY 1 month ago
Bulk Buys: Why upside remains for iron ore prices despite the market rout

Iron ore miners suffered a heavy sell-off yesterday as commodity prices fell on fears of Covid lockdowns in China Iron ore and steel market observer Mark Eames says there is more upside than downside thanks to the tight supply-demand balan...

Stockhead LCY 2 months ago
Gina Rinehart gets into magnetite next door to Juno’s more advanced Mount Ida project

Gina Rinehart recently made moves that demonstrated just how much potential she sees in the lesser appreciated magnetite as the direct shipping ore in WA’s Pilbara fast runs out. In early April, Australia’s richest person and chair of priv...

Stockhead LCY 2 months ago
Bulk Buys: Australia’s biggest bank reckons iron ore and coking coal prices will stay higher for longer

Australia’s biggest bank has upgraded its long-term iron ore and coking coal forecasts in response to Covid, Chinese commodity demand and Russia But high energy prices could drive investment in decarbonisation, clouding the outlook for the...

Stockhead LCY 2 months ago
Gold Digger: Old phones gathering dust? You’re sitting on a gold mine

1 gram of gold can be recovered from about 41 recycled mobile phones Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards Gold trades sideways at ~$US1,850/oz Our Gold Digger column wraps all the news d...

Stockhead LCY 2 months ago
Bulk Buys: Covid Zero policy the bull in China shop for steel market

China’s Covid Zero policy has seen analysts knock down economic forecasts Bad news for sentiment in steel and raw materials, with iron ore futures tumbling in afternoon trade Coal prices remain freaking high A precipitous slide in Asian i...

Stockhead LCY 2 months ago
Bulk Buys: WoodMac thinks scrap steel will rival iron ore by 2050 in bid to curb steel emissions

WoodMac sees pathway for steel industry to reduce emissions 30% by 2050 Transition will require shift away from blast furnace to scrap-based electric arc furnace steelmaking Despite Chinese strong steel output in April, Commbank sees suppo...

Stockhead LCY 2 months ago
Gold Digger: CHART – Frail Aussie dollar has local gold miners sitting pretty

US gold price down more than 10% or $200 from its peak But Aussie gold miners faring better due to weak AUD-USD exchange rate This week’s ASX standouts: Twenty Seven Co, OzAurum Resources Our Gold Digger column wraps all the news driving...

Stockhead LCY 3 months ago
Bulk Buys: China’s lockdowns are the nagging pain that won’t go away for iron ore miners

Iron ore miners have been looking fragile over the last week, clawing to hopes of a second half revival in the Chinese economy as the impact of its Covid lockdowns worsen. Prices remain relatively high compared to major producer margins, wi...

Stockhead LCY 3 months ago
Bulk Buys: Stanmore closes $1.7 billion BHP coal buy; founder looks to repeat winning formula at emerging junior

Stanmore has completed its ambitious US$1.2 billion ($1.7b) acquisition of BHP’s Poitrel and South Walker Creek coal mines Its founder Nick Jorss is aiming to repeat his success at new coal producer Bowen Coking Coal Jorss says steelmaking...

Stockhead LCY 3 months ago
Closing Bell: Interest piqued? Not for sliding local markets on Rates Day

The interest rate rise came and the markets fell, then turned a corner. The question now is — will the wheels stay on? Already lagging, the ASX Emerging Companies (XEC) index has closed 0.8% lower. The benchmark has closed 0.4% behind. The...

Stockhead LCY 3 months ago
MMG, SPX & LCY: Three ASX penny stocks making strides today

Highlights Small caps are trading negative so far in the day as investors’ risk appetite has diminished in light of an impending rate hike event. MMG, SPX and LCY are three ASX penny stocks delivering massive gains today. Investing in...

Kalkine Media LCY 3 months ago
Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW) advance Mt Bevan JV deal

Legacy Iron Ore (LCY) and Hawthorn Resources (HAW) have taken the first steps of a new joint venture agreement with Hancock Magnetite Hancock has satisfied the first condition of the deal by paying $9 million to obtain a 30 per cent intere...

themarketherald.com.au LCY 3 months ago
Top 10 at 10: The leaders and laggards in early ASX trade

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Stockhead LCY 3 months ago
Bulk Buys: China promises steel output cut, shakes iron ore futures

China’s steel output has shown signs of life, building throughout the first quarter of 2022 after collapsing to its slowest rate in four years in October and November 2021. That came despite widespread curbs on mill output due to the Winter...

Stockhead LCY 3 months ago
Closing Bell: ASX makes it two-for-two as another resources IPO surges

It’s been a topsy turvy week, as local markets followed the lead of US stocks which in turn got rattled by the latest round of policy-tightening machinations by the US Federal Reserve. But after three straight losing sessions, the good vibe...

Stockhead LCY 4 months ago
FMG, GRR, BHP, SFR: Top dividend paying metal and mining stocks on ASX

Highlights Australian equities traded in green on the last trading session of the week. Materials sector led the gainers list and the metals and mining index XMM also traded higher. The ASX200 traded in green during the intraday tr...

Kalkine Media LCY 4 months ago
Closing Bell: International Graphite climbs 97.5% in its first session, all else is dust

The ASX lost ground on Thursday. Weak leads out of Wall Street, more threats of Western-led sanctions v. Russia and a more hawkish tone out of the Federal Reserve left the benchmark 0.6% down with a half hour before the closing bell. Follow...

Stockhead LCY 4 months ago
Hancock to earn into Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW) JV project

Legacy Iron Ore (LCY) and Hawthorn Resources (HAW) have executed all relevant agreements for Hancock Magnetite to earn into the Mt Bevan iron ore project The WA-based project is currently held in a 60:40 joint venture between Legacy and H...

themarketherald.com.au LCY 4 months ago
Ground Breakers: Gold miners strike positive note as March results start to roll out

Gold miners start March reporting season off strong with Gold Road and Gascoyne both posting stronger production US Fed sees more rate rises to come in March minutes, but gold holds steady with inflation on the rise Gina Rinehart confirms...

Stockhead LCY 4 months ago
Resources Top 5: A uranium player rises as Gina Rinehart cements junior iron ore deal

JV partners Legacy and Hawthorn cement earn iron ore  in deal with Gina Rinehart’s Hancock Prospecting Okapi increases resource at the ‘Tallahassee’ uranium project in Colorado by 81% Carbine’s Muchea West has potential to host substantial...

Stockhead LCY 4 months ago
Bulk Buys: How long will Australia dine out on its iron ore and coal banquet?

Iron ore and coal to drive $425 billion windfall for resources exports in 2021-22 according to Canberra forecasters India removes tariffs on Aussie coal exports as part of free trade deal Coal prices start to normalise (kinda), with premiu...

Stockhead LCY 4 months ago
Macarthur Minerals (ASX:MIO): The Yilgarn-focused miner sitting on top of billions-worth of high-grade WA magnetite

Lake Giles has proved to be one of the largest magnetite projects in the Yilgarn region, with a projected three million tonnes per annum (mtpa) of 66.1 per cent ore for the next 25 years Mining majors such as Mineral Resources and Hancock...

themarketherald.com.au LCY 4 months ago
Gold Digger: Stagflation to push gold through $US2,200 later this year, expert says

Gold price to hit $US2,200 as stagflation fears take hold U.S. and allies officially prohibit all transactions with Russia involving gold, one of its financial lifelines. Will it work? Gold price rebounds over past week to $US1,960/oz Our...

Stockhead LCY 4 months ago
Bulk Buys: These three juniors are queueing up to add to Australia’s high grade iron ore pipeline

Australian companies are lining up to deliver new high grade iron ore mines in a bid to capture tailwinds from the need to reduce emissions across the sector. This week no less than three studies have been released by ASX-listed juniors, ta...

Stockhead LCY 4 months ago
Bulk Buys: Get your umbrellas – price forecasts suggest coal profits could pour for a while yet

Analysts tipping a major correction in the coal price by the end of 2022 have changed their tune after Russia’s war with Ukraine blew up the market. Prices have confounded belief, with tightness in the seaborne segment of the coal market bo...

Stockhead LCY 5 months ago
Gold Digger: ASX stocks perform strongly in a volatile week for gold

War gossip/news remains the main driver of gold prices. The precious metal is having one of those volatile weeks where unless they timed their entry and exit perfectly, investors probably had a tough time whether long or short, says OANDA s...

Stockhead LCY 5 months ago
Bulk Buys: Forecasters expected coal prices to stay sane in 2022, then Russia invaded Ukraine

Coal prices have bounded to new record highs on Russia’s invasion of Ukraine, extending the bonanza Australian based coal miners have enjoyed since the middle of last year. The stunning turnaround in metallurgical and thermal coal prices ha...

Stockhead LCY 5 months ago
Gold Digger: ‘Oversold’ ASX Gold index soars 19% in a month

A good week for gold, which is up 1.04% to ~$US1,940/oz at time of writing. History shows us war doesn’t usually trigger an extended rally, but news flow – or lack thereof – coming out of Ukraine continues to be the biggest influence on the...

Stockhead LCY 5 months ago
Global pivot towards cleaner, greener steel thrusts magnetite iron ore into spotlight

Major iron ore producers are shifting focus from traditional hematite to magnetite as the world moves towards sustainable, greener steel production The Yilgarn region in Western Australia tipped as the new tier-one for Magnetite, boasts ne...

themarketherald.com.au LCY 5 months ago
Bulk Buys: China calls for biggest iron ore marketing shake-up since 2010

Back before the last mining boom buying a tonne of iron ore was little more than a trip to the corner store, with the bulk commodity fetching prices in the range of US$30/t. When Chinese steel production and industrial growth began to overt...

Stockhead LCY 5 months ago
Gold Digger: War (what is it good for?)

Investors generally buy gold as a way of diversifying risk when s..t hits the proverbial fan. That’s why the precious metal appears to perform well in times of war or political instability. Conversely, stocks and bonds perform best in a sta...

Stockhead LCY 5 months ago
Bulk Buys: How big a deal is all that extra port capacity in the Pilbara?

In one of the big iron ore headline makers of the past month the WA Government has released its new plan for Port Hedland, the world’s largest iron ore export hub. The Pilbara Ports Authority has already pushed its export rate beyond the 49...

Stockhead LCY 6 months ago
Bulk Buys: S&P thinks China’s drive to reduce emissions could keep a lid on iron ore prices

Iron ore is in familiar territory right now. Talked down by analysts who predict it is due for a dive, the headline Australian commodity has been defiant in 2022 so far. Despite the column inches expended on the rise in crude oil prices so...

Stockhead LCY 6 months ago
Gold Digger: Investors are stashing a record amount of gold bars and coins as inflation fears bite

Alas. After teasing gold bugs with a push through $1,840/oz over the past week, we are now back below ~$US1,800/oz. Gold stocks can’t seem to catch a break. What gives? I don’t get it. PM miners didn’t even get the windfall of the market w...

Stockhead LCY 6 months ago
Bulk Buys: FMG says low grade discounts are transitory, cost pressures not so much

The Pilbara iron ore miners are facing business pressures on a number of fronts, including the on again, off again story around the reopening of WA’s Covid border. The WA Government’s decision to delay its planned February 5 reopening inde...

Stockhead LCY 6 months ago
Bulk Buys: Rio Tinto is upbeat on Chinese demand as it pledges a (modest) reversal of fortunes

The iron ore market does not offer the simple narrative that it did in the first two decades of the 21st century nor that of the suite of “green metals” like lithium, nickel and copper now hitched to electric vehicle sales and efforts to ma...

Stockhead LCY 6 months ago
Gold Digger: Solar, electric vehicle demand could push silver market into long term deficit

Global silver demand hit ~1.02 billion ounces in 2021, the first time it has breached 1 billion since 2015, according to the Silver Institute. Of that, industrial demand hit a new high of 524 million ounces. And of that, photovoltaic (solar...

Stockhead LCY 7 months ago
Gold Digger: JP Morgan reckons gold’s gonna take a dive to $1,520/oz by Q4

Gold is holding steady above US$1,800/oz – currently trading at US$1816.60. Some players are confident the gold market will trend net positive next year as the market digests the reality of the past 24 months. But commodity analysts at J.P....

Stockhead LCY 7 months ago