Articles On Legacy Iron Ore (ASX:LCY)

Title Source Codes Date
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 1 week 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 1 week 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 3 weeks ago
Gold Digger: Gold bulls are out in force, but expect turbulence

With gold spending most of the past week hovering around the US$1,800/oz (A$2,485/oz) mark, speculation has turned away from whether the precious metal can hold its gains to asking if it can test hit the US$1,850/oz mark. Gold is currently...

Stockhead LCY 1 month ago
Bulk Buys: Coal production could reach its highest level in 2022 and demand continues to rise

Coal mining is hardly popular but governments around the world, most of whom have promised to work to reduce the impacts of climate change, can’t get enough of it. It may be getting harder to finance and gain approval for mining coal, the b...

Stockhead LCY 1 month ago
Bulk Buys: The big banks are falling out of love with iron ore but China’s steel may still be strong in 2022

Iron ore has been unpredictable in 2021 and it would be a brave person to make a hard and fast call on where it will end up in 2022. In fact, with the whims of the Chinese Communist Party and vagaries of its economy one of the major factors...

Stockhead LCY 1 month ago
Closing Bell: ASX trades flat as two battery metal stocks return from ASX purgatory

Resources stocks Quantum Graphite (ASX:QGL) and Altura Mining (ASX:AJM) were reinstated after being suspended for several months and had contrasting fates. Quantum Graphite, which has the ‘Uley’ graphite prokect in South Australia, more tha...

Stockhead LCY 1 month ago
Gold Digger: Early 2022 gold rally could turn sour mid-year

It’s been fairly choppy for precious metals this year, with economic recovery, rising nominal yields and the potential for rate hikes dampening investors’ appetite for gold. But on the flip side, new virus variants, fears of stagflation and...

Stockhead LCY 1 month ago
Bulk Buys: Iron ore imports for November soar in China to bring festive cheer for miners

The topsy turvy data coming out of China’s steel sector continues to roll on after the world’s biggest steelmaker revealed iron ore imports hit a 13-month high in November despite sliding steel production. China’s appetite for iron ore roar...

Stockhead LCY 1 month ago
Hot Money Monday: M&A drives strong RSI prints while BNPL goes from cold to… colder

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Stockhead LCY 1 month ago
Closing Bell: ASX edges lower as stocks slide for the fourth straight week

The ASX closed the fourth last week before Christmas up for the day, but once again down for the week. The ASX 200 closed 0.22% higher at 7,241 but down 0.52% for the week – the fourth straight week it has finished down. Energy was the top...

Stockhead LCY 1 month ago
Gold Digger: An inflationary bomb is about to go off. It’s time to prepare for the next gold bull market

US Fed chair Jerome Powell finally admitted that inflationary pressures weren’t going to be as sh­­ort-lived as perhaps expected. Earlier this week Powell surprised markets by suggesting it would be appropriate to drop the phrase “inflation...

Stockhead LCY 1 month ago
November Winners: ASX investors were spooked by Omicron, but wooed by Julimar, hydrogen and the metaverse

For the second month in a row the ASX was hit by a major sell-off in the last few days of the month and it took the bourse from what was then a 0.5% gain to a 1.56% loss in November. Just when we thought we were out of the worst of COVID, w...

Stockhead LCY 1 month ago
Gold Digger: Gold’s renaissance was short-lived. Have prices bottomed out?

Following a 7.6% surge from late September, the price of gold briefly hit five-month highs of ~$US1,872/oz on fears that current high inflation levels are more than ‘transitional’. Gold is an ‘inflation hedge’; an investment that ostensibly...

Stockhead LCY 2 months ago
Video: Goodman Group shares on the move

Michael Gable is an expert guest commentator for the Finance News Network, presenting “Stock Watch” each week – covering stock tips and shares on the Australian market (ASX). This video is dated 22 November 2021.  Shares covered: (ASX:GMG),...

Fairmont Equities LCY 2 months ago
Closing Bell: ASX closes the week with a gain and a successful billion dollar float

The ASX finished the day in the green and Ventia Service (ASX:VNT) defied the pattern of $1b+ floats underperforming by gaining 22% on its opening day. Also listing today was Cooper Metals (ASX:CPM) and it had a gain too, rising 10% today....

Stockhead LCY 2 months ago
Gold Digger: These cheap gold stocks might not last long

Following a 7.6% surge from late September, the price of gold is now sitting ~$US1,860/oz for the first time since June. The Aussie price is looking even better, which is great news for our local producers: USD (dark) and AUD (light) gold p...

Stockhead LCY 2 months ago
China’s steel collapse is ‘unprecedented’ but will it be temporary or a long-term shift?

The collapse in steel production in China over the past four months has been described as “unprecedented”. It comes after the country’s steel industry produced just 71.58Mt in October, 23.3% less than the same period in 2020 and off the bac...

Stockhead LCY 2 months ago
Bulk Buys: Gina gets into magnetite with iron ore deal

Hancock Prospecting is making a big move into magnetite iron ore, this week inking an initial $9 million deal to farm into the Mt Bevan iron ore project owned by juniors Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW). It’s an in...

Stockhead LCY 2 months ago
Closing Bell: Stocks retreat, despite one of the best ASX IPO debuts of 2021

The hot debut of Evolution Energy Minerals (ASX:EV1) was not enough to save the ASX resources sector from falling today. The ASX 200 finished 0.67% down at 7,420 points. All sectors were down except tech, which gained 0.18%. In contrast, mo...

Stockhead LCY 2 months ago
Why Calix, Imugene, Legacy Iron Ore, and Lovisa shares are charging higher

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is out of form and tumbling lower. At the time of writing, the benchmark index is down 0.7% to 7,416.2 points. Four ASX shares that have not let that hold them back are listed below....

Motley Fool LCY 2 months ago
Resources Top 5: One of 2021’s best IPOs hits high grade lithium, Rinehart’s magic touch propels small cap to 164pc two-day gain

LCY is now up 164%, HAW up 76% since teaming up with Hancock Prospecting  to develop ‘Mt Bevan’ iron ore project A8G picks up high grade lithium off the ground at early stage ‘Mt Peake’ project in NT AQD’s longstanding strategic exploratio...

Stockhead LCY 2 months ago
Here’s why the Legacy Iron Ore (ASX:LCY) has exploded 200% in 2 days

It has been a stunning couple of days for the Legacy Iron Ore Limited (ASX: LCY) share price. The iron ore explorer’s shares were up as much as 120% to 4.2 cents on Tuesday morning. When the Legacy Iron Ore share price hit that level, it w...

Motley Fool LCY 2 months ago
10 at 10: These ASX stocks have made a triumphant return to the top this morning

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Stockhead LCY 2 months ago
Closing Bell: Gold stocks catch a bid, and another green hydrogen play surges 300% in a week

The ASX posted steady gains to start the week on Monday, with investors preferences leaning towards tech/consumer stocks and gold (unusual bedfellows) at the expense of the big banks and iron ore majors. Companies that specialise in the pre...

Stockhead LCY 2 months ago
Resources Top 5: Gina Rinehart shells out cash for iron ore JV, this junior is 480% since pivoting to lithium in September

Eastern Iron cements deal with Chinese lithium giant Yahua to find and develop Aussie projects Hancock Prospecting to pay initial $9m to earn into Hawthorn Resources and Legacy Minerals’ ‘Mt Bevan’ iron ore project Ora Gold moves closer to...

Stockhead LCY 2 months ago
Gold Digger: Prices lift off on growing inflation

Growing concerns about inflation could send gold prices soaring back above the US$2,000 ($2,746) an ounce mark it last reached back in 2020. Prices of the precious metal have already been rising steadily over the past fortnight, up some 3.7...

Stockhead LCY 2 months ago
Bulk Buys: FMG fields green queries and banks review iron ore prices

Westpac is the latest major financial institution to knock down its iron ore forecasts after prices dived below US$100/t again on a slowdown in steel production in China it describes as the largest since 2008. It revised its price forecasts...

Stockhead LCY 2 months ago
Gold Digger: A global carbon tax could hit gold stocks right where it hurts

A global carbon taxation regime could slash gold miner profit margins by up to 45% unless an effort is made to reduce greenhouse gas emissions, Metals Focus says. Some countries, such as Canada and Sweden, already impose carbon taxes and th...

Stockhead LCY 2 months ago
Gold Digger: Ounce-hungry gold miners investing big $$ in M&A, new developments

The gold price may be in a holding pattern at ~$US1,800/oz, but Aussie gold miners continue to throw piles of cash at acquisitions and new developments. Westgold (ASX:WGX) looks increasingly likely  to hoover up struggling producer Gascoyne...

Stockhead LCY 2 months ago
Bulk Buys: MinRes cops big discount for iron ore, coal’s miracle run brings Bluff mine back from the dead

If there was any doubt about the importance of grade in iron ore, check out the latest numbers from Mineral Resources (ASX:MIN). Chris Ellison’s miner suffered a 48% discount to average Platts 62% iron ore prices in the September Quarter. T...

Stockhead LCY 2 months ago
Gold Digger: Two charts that show how undervalued gold stocks really are

Gold stocks are cheap, experts keep saying. Well-known analyst Jesse Felder has now demonstrated the “pathetic performance” of the US gold majors in handy chart form. The US listed BANG stocks (Felder’s play on FANG) include gold giants Bar...

Stockhead LCY 3 months ago
Gold Digger: This large Russian gold mine will have its own nuclear power plant

The +9Moz, ~350,000ozpa ‘Kyuchus’ field will be one of Russia’s biggest gold mining projects. Kyuchus was first discovered in 1963, but its isolation in the harsh Arctic climate of the Yakutia region has, so far, stymied numerous developmen...

Stockhead LCY 3 months ago
Bulk Buys: Profit over prophecy as iron ore miner doubts price Doomsdayers

Set against rumours of its demise, spot iron ore has remained stubbornly defiant, reminding investors again why forecasting is a fool’s errand by bouncing above US$135/t on Monday night. A broad consensus is forming around metals like coppe...

Stockhead LCY 3 months ago
Gold Digger: Gold M&A is heating up. Which junior is the next takeover target?

Investors want to see gold miners wisely grow their production profile. Not like miners did during the last cycle, when some irrational, highly priced M&A action destroyed significant wealth. The big gold miners have a “lousy recent his...

Stockhead LCY 3 months ago
Market Highlights and 5 ASX Small Caps to watch on Wednesday

Wall Street rebounds US stocks staged a rebound overnight, following Monday’s tech-driven selloff. All three US stock market benchmarks rose – the Dow Jones up by 0.92%, the S&P 500 by 1.05% ,and tech heavy Nasdaq by 1.25%. Investors bo...

Stockhead LCY 3 months ago
Bulk Buys: What is normal when it comes to coal?

Is there any end to coal’s incredible price run in 2021? This week has seen thermal coal prices rise to record levels, with low volatility 6000kcal product from Newcastle soaring 5% to US$240/t yesterday. Twelve months ago, when China’s dip...

Stockhead LCY 3 months ago
Gold Digger: Gold is back on the menu amidst market chaos

There is a lot of uncertainty in the market due to tensions in China, rising interest rates and continuing economic recovery of the global COVID-19 pandemic, with investors fleeing for safe havens to park their cash in. Safe havens like gol...

Stockhead LCY 3 months ago
Gold Digger: Are ASX large cap gold stocks a screaming buy?

The valuations of major gold miners remain weak despite falling debt and record dividends, according to the latest Metals Focus Gold Peer Group Analysis. Australia’s largest gold miners Newcrest (ASX:NCM), Northern Star (ASX:NST), and Evolu...

Stockhead LCY 4 months ago
Iron ore dips to 14-month lows; five penny stocks under spotlight

Highlights Iron ore prices have plunged in the wake of China’s renewed crackdown on heavily polluting industries. The prices of iron ore have slumped 33.65% in the last one month. Various ASX-listed iron ore players are struggling to...

Kalkine Media LCY 4 months ago
Gold Digger: Where do we go from here?

It’s been a frustrating few months for gold bulls. As an investment hedge, gold shines during periods of poor or volatile market sentiment. It loves drama like pandemics, civil wars, or the unprecedented failure of the Lehman Brothers in 20...

Stockhead LCY 4 months ago
Bulk Buys: As prices for coking coal soar, will China have to let Australian producers back into the club?

Coking coal prices have gone a wee bit crazy in recent weeks, presenting a once in a generation opportunity for ASX-listed companies who looked sickly as the 2021 financial year wrapped up. According to Fastmarkets MB, supply remains tight...

Stockhead LCY 4 months ago
Gold Digger: Is sentiment slowly returning to the gold space?

Gold continues to consolidate around $US1,800/oz which, if we went back in time to July 2020, would be cause for celebration. Back then $US1,800/oz was an eight-year high and bullish sentiment was nudging even the shittiest exploration stoc...

Stockhead LCY 4 months ago
Bulk Buys: UBS thinks Rio will miss guidance yet again in 2021

Is Rio Tinto (ASX:RIO) going to disappoint on shipments yet again? The gaffe-prone Pilbara miner, which was carried by stratospheric iron ore prices to a US$9.1 billion dividend at the half year, appears likely to miss its ambitious guidanc...

Stockhead LCY 4 months ago
Bulk Buys: Would you bet against Andrew Forrest and FMG on iron ore?

Andrew Forrest said he wouldn’t bet against the price of iron ore this week as he addressed media and analysts in a lap of honour for Fortescue Metals Group’s (ASX:FMG) transformative 2021. That was driven by record high iron ore prices thr...

Stockhead LCY 4 months ago
Gold Digger: Northern Star’s share price down 30pc for FY21, despite posting $1bn profit

Gold bugs would be breathing a sigh of relief this week as the price stabilises just shy of $US1,800/oz ($2,463/oz Aussie) thanks to Monday’s healthy 1.5% gain. While there are plenty of other red hot sectors attracting investor dollars rig...

Stockhead LCY 4 months ago
Bulk Buys: Coking coal goes crazy in China while iron ore futures bounce

How’s that Aussie coal ban going for China? Prices of imported premium coking coal in the Middle Kingdom soared to record highs of US$384 per tonne while China looks around every nook and cranny to source the product it once got from our ea...

Stockhead LCY 5 months ago
Iron ore posts biggest single day fall… EVER. Where is it heading next?

It powers Australia’s economic engine room, but iron ore is sputtering after the spot price recorded its biggest single day drop on Friday since index pricing began. Fastmarkets saw iron ore prices for benchmark 62% fines to northern China...

Stockhead LCY 5 months ago
Gold about to hit next leg of bull market and stocks are cheap, expert says

The gold price itself had 12 months of consolidation. Now we are entering a new stage of a bull market which Barry Dawes of Martin Place Securities believes “will take it much, much higher”. In the big scheme of things, the pullback we have...

Stockhead LCY 5 months ago
Bulk Buys: BHP places chips on iron ore, met coal as it waves goodbye to petroleum in Woodside deal

BHP (ASX:BHP) has taken advantage of 2021’s astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world’s biggest mining house. Its final payout of US$2 per share came off...

Stockhead LCY 5 months ago