Articles On Legacy Iron Ore (ASX:LCY)

Title Source Codes Date
CLOSING BELL: Be honest. If the Energy sector was a horse right now, you’d shoot it

ASX 200 sinks to -2.2% before recovering to close near -1.5% for the day Energy sector tanks -5.0% because it wants to watch you cry in the shower Low unemployment data sets up the RBA to keep twisting Australia’s nipples, just the way we...

Stockhead LCY 1 year ago
CLOSING BELL: $368bn AUKUS subs ‘worst deal in history’ says Paul ‘22% mortgage rates’ Keating

The ASX bounced back from the week’s drama to close up by 0.86% The XEC Emerging Companies Index closed 1.26% higher because it’s young and needed the money Former PM Paul Keating kicks a glorious own goal at the Australian Press Club   H...

Stockhead LCY 1 year ago
Gold Digger: Experts say ‘a gold bull market stands before us’ as Central Banks buy bullion at record rates

Central banks are buying gold at record levels with holdings now at 50-year highs: Sprott Gold tends to hold its value in times of crisis Central Bank buying ‘extremely’ bullish: Goehring & Rozencwajg They say investors with no perform...

Stockhead LCY 1 year ago
Bulk Buys: Is China’s cautious growth target the red flag that halts iron ore’s bull run?

Iron ore’s bull run could be brought to a halt by China’s weaker than expected economic growth target Goldman predicts price record for Rio Tinto Thermal coal prices keep dropping Iron ore has been a bull’s game in 2023, with matadors spe...

Stockhead LCY 1 year ago
Closing Bell: ASX holds steady but microcaps slide into the weekend

The ASX 200 was up 0.39% and ASX XEC slips 0.42% 10 out of 11 sectors were higher lead by Communications The Real Estate sector was the only one in the red   The ASX 200 was up 0.39% today and the ASX XEC was down 0.42%.  A total of 10 ou...

Stockhead LCY 1 year ago
Gold Digger: ASX miners enjoy a good week as gold refuses to be tied down

Gold defends psychologically important US$1800 level and is currently paying ~US$1840/oz Rox Resources up 66% on monster hit outside 3.2Moz Youanmi resource Miners Ramelius (+20%), Resolute (+14%) lead strong week for mining stocks Our Go...

Stockhead LCY 1 year ago
Mt Bevan Iron Ore Joint Venture progressing PFS on time and within budget despite severe skill shortages

Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW) report that Prefeasibility Studies (PFS) at the Mt Bevan Iron Ore Joint Venture Project are progressing on schedule and within budget despite ongoing labour challenged. The project...

Mining.com.au LCY 1 year ago
Bulk Buys: China’s pollution crackdown a familiar tale amid iron ore price run

China is again ordering sintering restrictions to crack down on pollution from its steel mills It comes after limits were placed on Dalian futures trading last week to bring the heat out of prices Junior miner CuFe posts maiden resource fo...

Stockhead LCY 1 year ago
Gold Digger: The good, bad, and ugly of ASX gold reporting season

Perseus Mining (ASX:PRU) continues to claim the title of ‘ASX’s Most Consistently Good Gold Producer’ Other ASX miners a mixed bag Gold is currently at a 2-month low of $US1835/oz Our Gold Digger column wraps all the news driving ASX stoc...

Stockhead LCY 1 year ago
Bulk Buys: BHP’s number crunchers see blue skies in China’s steely reopening

BHP (ASX:BHP) has reported, leaving only Rio Tinto (ASX:RIO) today to round out our February financial results season for the big three iron ore miners. In Oscars parlance none are expected to be award winners. Lower iron ore prices — and i...

Stockhead LCY 1 year ago
Bulk Buys: Australia’s newest coal miner says emerging economies will power thermal market for the next two decades

South African coal miner Thungela Resources will become the majority owner of Australia’s Ensham coal mine Its CEO July Ndlovu says thermal coal will see demand for at least two, maybe three decades Iron ore sales lift There may be clouds...

Stockhead LCY 1 year ago
Gold Digger: Gold flirts with US$2,000/oz, leaves everyone frustrated and wanting more

Gold rallies past US1,950/oz on Fedspeak, before falling back below US$1,920/oz on Friday “Bullion traders will need to see disinflation trends remain strong and for the labour market to soften for the bull case to remain in place”: OANDA’...

Stockhead LCY 1 year ago
Bulk Buys: Thermal’s 243-day reign as king of coal ends

Newcastle thermal coal’s reign as the top priced product on the market has ended Premium hard coking coal returns to traditional position at a premium to energy coal as European demand wanes Iron ore prices remain strong, but MySteel says...

Stockhead LCY 1 year ago
Bulk Buys: China’s return to Australian coal market to be a slow moving beast

Chinese companies are starting to make bids for Australian coal cargoes after an unofficial ban that ran for over two years But Coronado CFO Gerhard Ziems says Australian coking coal exports to China will only touch half of pre-pandemic le...

Stockhead LCY 1 year ago
Bulk Buys: As the 2023 season begins, who’ll blink first in BHP’s royalty dance off with Annastacia?

BHP did not deliver capital guidance for its BMA coal mines in Queensland last year after new royalty tiers drawing billions for Qld were introduced last July While CEO Mike Henry also cited China’s coal ban as a factor, its capex strike l...

Stockhead LCY 1 year ago
Top 10 at 10: These junior ASX rare earths, lithium stocks are leading today’s winners

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 1 year ago
Gold Digger: The Reddit-fuelled silver squeeze has sparked almost 2 years of record physical investment

Metals Focus reckons early 2021 Reddit squeeze sparked almost two years of record retail silver demand US market achieved a new high last year of almost 4,000t of physical silver investment, “a performance which could be eclipsed this year...

Stockhead LCY 1 year ago
Bulk Buys: Iron ore miners have one last roll of the dice at this green steel thing before 2022 is up

Efforts to develop zero emissions steel are at an early stage Fortescue Metals Group backs new attempt to use low grade iron ore in green steelmaking Coal exports are forecast to outstrip iron ore for the next two financial years Green st...

Stockhead LCY 1 year ago
Gold Digger: Investors, precious metals could be your ‘golden ticket’ to gains in 2023

Gold prices have historically outperformed during recessions ANZ research raises end of 2023 gold price target to $US1,900/oz Weekly small cap standouts: Peregrine Gold (ASX:PGD), Ora Gold (ASX:OAU) Our Gold Digger column wraps all the ne...

Stockhead LCY 1 year ago
Macarthur Minerals (ASX:MIO) primed for strategic partnership to maximise WA magnetite assets

In the mining industry’s many sub-sectors, iron ore stands out as the key player for the market’s prosperity. As one of Australia’s largest export items, the mineral brought in roughly $154.2 billion in 2021. According to the Mineral...

themarketherald.com.au LCY 1 year ago
Gold Digger: Buckle up! Central Banks are buying gold at the fastest pace on record

Central banks buying gold at the fastest pace on record Another gold bull signal for 2023 — the crypto collapse Global silver demand on course for record high in 2022 Our Gold Digger column wraps all the news driving ASX stocks with expos...

Stockhead LCY 1 year ago
Bulk Buys: Forrest targets ‘value over volume’ as he flags ramp up of African iron ore project

Fortescue Metals Group boss Andrew Forrest says green energy focused FMG will pursue value over volume in flagship iron ore business Actually also looking to increase volumes, with new high grade mine in Pilbara and African exploration pus...

Stockhead LCY 1 year ago
Bulk Buys: It’s a ‘pivot toward positivity’, but will China’s Covid shift actually light a fire under iron ore?

Iron ore prices posted a recovery on Monday as China relaxed some of its previously steadfast Covid measures Steel mills are still loss-making in China, with a real bounce in demand needed to bring prices back above US$100/t But experts sa...

Stockhead LCY 1 year ago
Gold Digger: Was that the bottom? Gold poised to punch through $US1,800/oz after surging $120/oz in a week

Gold could have steady path towards $US1,800 level if dollar weakness remains: OANDA ASX gold miners surging this week, led by Evolution Mining +30%, Capricorn Metals +27%, and Regis Resources +27% Weekly small cap standouts: Focus Mineral...

Stockhead LCY 1 year ago
St George expands its grip on prospective lithium corridor at Mt Alexander

St George has highlighted its belief in the lithium prospectivity of its flagship Mt Alexander project in Western Australia’s Mt Ida lithium province by expanding its landholding. The company’s hold over the highly prospective pegmatite cor...

Stockhead LCY 1 year ago
Gold Digger: Only 5 of the toughest ASX gold miners have made gains over the past 12 months

Just five miners/ near-term gold miners are in the green over the past 12 months They include Tietto Minerals, Ora Banda Mining, Emerald Resources, Capricorn Metals and Perseus Mining Top precious metals stocks this week: Hamelin Gold, Zul...

Stockhead LCY 1 year ago
Gold Digger: Silver is ‘flashing a strong buy signal’, experts say

Since reaching its peak in the summer of 2020, silver has fallen ~35% Smart money is going net long on silver, speculators almost net short; a good sign for silver outlook say Goehring & Rozencwajg This week’s top ASX precious metals s...

Stockhead LCY 1 year ago
Bulk Buys: New Aussie coal mines are getting off the ground, but supply remains fragile

AQC faces roadblocks in its bid to revive Dartbrook coal mine, while New Hope gets approval for New Acland coal extension after 13 years New coal supply is slowly emerging, but the market is expected to remain tight with wet weather expect...

Stockhead LCY 1 year ago
Gold Digger: When will the gold price recover?

USD gold price continues to fall, currently $US1,621/oz Mixed bag of results for gold producers in Q1: Perseus, Northern Star outperformers so far Weekly small cap standouts: Strickland metals, Medallion Metals. GBM Resources Our Gold Dig...

Stockhead LCY 1 year ago
Bulk Buys: Traders see little optimism in the Chinese steel market, but iron ore miners are looking long term

Iron ore miners are funding a wave of new developments, despite red flags in the Chinese steel market While miners are long term bulls, the short term outlook is clouded by China’s economic issues and Covid Zero policy The gap between low...

Stockhead LCY 1 year ago
Gold Digger: Retail gold and silver buyers paying monster premiums for coins due to high demand

Retail investment in gold, silver has either hit new peaks or held up at multi-year highs, says Metals Focus 1 ounce gold Maple Leaf in the US commands a 40% premium at the retail level, for example This week’s top movers: Sihayo, Dacian,...

Stockhead LCY 1 year ago
Bulk Buys: BHP lays out its bull case for steel demand in a greening world

BHP says cumulative steel demand in the next 30 years will double that of the last 30, arguing the commodity will be a net beneficiary of decarbonisation and climate change The changing environment alone could drive increase in demand equa...

Stockhead LCY 1 year ago
Gold Digger: Metals Focus says PGM demand will fall away from 2025. Others disagree

PGM demand will remain strong until about 2025, when it will start to fall off a cliff: Metals Focus Why 2025? Because that’s when electrification of transport really kicks up a gear However, Bridge Street Capital analyst Chris Baker belie...

Stockhead LCY 1 year ago
Bulk Buys: 21 million leave lockdown in Chengdu, but will iron ore prices leave $100/t purgatory?

Iron ore prices received a bump after Covid lockdowns in Chengdu were relaxed But they quickly retreated, with analysts saying a decision on whether to end China’s Covid Zero policy could be a big turning point for the commodity Like it or...

Stockhead LCY 1 year ago
The world faces a $2tn bill to make steel green by 2050. High grade iron ore, anyone?

Market for DR grade 65% plus iron ore could rise fivefold to 750Mtpa according to new research from Wood Mackenzie As much as US$1.4 trillion needs to be spent on new mines, renewable energy, steel mills, hydrogen and carbon capture to red...

Stockhead LCY 1 year ago
Gold Digger: Gold stocks smashed, but prices stay stubbornly above $US1700/oz. Contrarian buy signal?

Fitch has downgraded its gold outlook but expects prices to remain “elevated in the coming years compared to pre-Covid levels” Contrarian argument: “It is also a sector full of M&A possibilities as gold equities haven’t been this ‘chea...

Stockhead LCY 1 year ago
Bulk Buys: Goldman Sachs says Chinese steelmakers are on track for a 3% decline in 2022

It’s the canary in the, well, you’ve probably read enough of these by now to know the idiom. For iron ore prices that is steel production in China and downstream demand from things like car production, infrastructure and property developme...

Stockhead LCY 1 year ago
Bulk Buys: MinRes’ $3 billion mine approval flags China hunger for our iron ore

Mineral Resources and global partners approve $3bn Onslow iron ore mine day before prices drop below US$100/t Chinese steel giant Baowu will both have a stake in the mine and market up to 75% of MinRes’ product Coal prices remain ridiculou...

Stockhead LCY 1 year ago
Legacy Iron Ore (ASX:LCY) and Hawthorn Resources (ASX:HAW) execute Mt Bevan deal with Hancock

Joint venture partners, Legacy Iron Ore (LCY), Hawthorn Resources (HAW), and Hancock Magnetite execute a non-binding deed for the Mt Bevan iron ore project in WA This grants Hancock the exclusive right to undertake a desktop study to asses...

themarketherald.com.au LCY 1 year ago
Gold Digger: Just feast your eyes on this giant nugget from the Beta Hunt mine

TSX listed Korara Resources finds another massive nugget stash at the Beta Hunt mine near Kalgoorlie The new discovery just below the super-rich, 30,000oz Fathers Day Vein China imported more than 80 tons (or 2.56Moz) of gold worth $US4.4b...

Stockhead LCY 1 year ago
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 1 year 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 1 year 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 year 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 1 year 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 1 year 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 1 year 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 year 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 year 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 year 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 year ago