Articles On Strike Resources (ASX:SRK)

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...

Iron ore roared back to life yesterday on news China was starting to alter its Covid settings and provide credit support to property developers Prices surged to their highest level in a month, almost touching US$96/t in Singapore intra-day...

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...

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...

ASX 200 ends 1.7% higher Small caps ahead 2.1% China’s odd. Hawson’s Iron down 75% this week. Toys R Us are killing it.   The ASX 200 and the Emerging Companies (XEC) index fell 1.7% and 2.1% respectively on Tuesday. Almost the full 11 se...

ASX 200 ends 1.4% lower Small caps slide 0.4% Strike strikes and I don’t know why    The ASX 200 and the Emerging Companies (XEC) index fell 1.4% and 0.4% respectively on Monday. US stocks were no help at all after collapsing sharply on F...

ASX closes 5,5% higher than Monday night Small cap index finds 1.3% AD1 up 40% on zilch   That’ll do pig, that’ll do. I’m pretty sure everyone gets the above reference to George Miller’s classic outcast movie Mad Babe, a real slow burn Au...

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...

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...

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...

The ASX 200 gains 0.2%   Small caps end slightly lower  The hunt for red (ETF) September   The ASX 200 has made a decent fist of Thursday, rebounding in its own way and ending the session 0.2% higher. The energy sector led gains again. Th...

Maiden drill program planned at Auroch’s Nevada lithium project Caspin hits high grade rhodium, which sells for $US15,000oz Gold-lithium explorer Kairos now up 50% in 5 days on no news Here are the biggest small cap resources winners in e...

ASX 200 gains 1%  Small Caps index does the same, but then gives it all back ODE wins and NIC MD Justin Werner: Hengjaya joins world’s best nickel resources   The ASX Emerging Companies index (XEC) has given all away its early gains on Mo...

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...

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...

Strike Resources has exported its first shipment from the company’s Paulsens East mine with 66,618 tonnes of iron ore with a grading of 62 per cent bound for China after being purchased by a Hong Kong buyer.

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...

Low iron ore prices have forced Strike Resources to pause further shipments from the Utah Point multi-user bulk handling facility at Port Hedland, Western Australia. The company said the receipts, relative to those earlier in the year, toge...

Small cap index up 1.1%, stronger than benchmark, but both do good, run hard.   Wall Street snaps 3-day losing streak, China could be back in stimmy mode Uranium’s gone insanium   The ASX 200 is up 0.7% and the Emerging Companies (XEC) in...

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...

Strike Resources (SRK) schedules the departure of its maiden shipment of Paulsens East lump iron ore for this month Strike has around 60,000 tonnes of Paulsens East lump direct shipping ore stockpiled at Port Hedland, with a departure date...

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...

Strike Resources will send its maiden load of direct-shipping lump iron ore to China late this month. The 68,000-tonne shipment from Port Hedland will be 13,000 tonnes bigger than previously announced.

Strike is poised to make its maiden shipment of premium lump iron ore from its Paulsens East project in the Pilbara to a Hong Kong-based buyer. While the shipment will not be the company’s first go at the rodeo, with iron ore shipments from...

Strike Resources has received further approvals from the state regulator as the company looks to switch ports and establish a shorter trucking route for exports from its Paulsens East iron ore mine in WA.

Environmental Works Approval has been granted for the export of 1.8Mtpa of iron ore from the Port of Ashburton in Onslow, Western Australia. It also allows the company to undertake the bulk export of iron ore from the Port of Ashburton, wh...

The ASX 200 is set to open lower on Wednesday Wall Street drops overnight ahead of the FOMC meeting Australia’s June CPI number to be released today Local shares are set to open lower today. At 8.30am AEDT, the ASX 200 August futures is p...

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...

Hard rock – initially cost intensive, produces lithium hydroxide for battery makers Lithium brines – cheaper to develop, produce lithium carbonate Producing lithium from clays and geothermal brines is probably your Plan C   The market del...

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...

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...

Emerging Companies (XEC) index rises on Tuesday, up over 1.2% ASX 200 same, but a wee bit more Lode Resources rises sharply on more than just a sliver of silver   Everything’s higher on Tuesday. Not by a heap, but enough to cancel the co...

Strike Resources could ship its first batch of iron ore from the company’s Paulsens East mine near Tom Price in WA as early as next month after inking an access agreement with the Pilbara Ports Authority.

Strike Resources (SRK) has secured access to a port in Port Hedland as it gears up for its first ore shipment in July The company has executed an agreement with the Pilbara Ports Authority for the export of 200,000 tonnes of iron ore per f...

ASX is set open higher today with Wall Street on holidays overnight European stocks rallied RBA governor Phil Lowe will make a speech later today Wall Street was closed on Monday to mark Juneteenth, an annual commemoration of the end of s...

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...

Miners are keen to capitalise on the growing demand for electric vehicles but Lithium Energy is a rarity amongst them for its exposure to both lithium and graphite. Global EV sales are forecast to rise to 14 million units by 2025, a big lea...

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...

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...

ASX miners continue to have a stellar run in 2022 with several names eclipsing triple-digit gains since trading resumed in January. Despite some commodity prices softening lately, the volatility has provided plenty of upside potential fo...

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...

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...

XEC falls hard on Monday XOJ closes 1.2% lower Seafarms Group (ASX:SFG) recovers Friday losses   Australian markets fell and fell hard on Monday. The benchmark ASX200 is nudging two month lows, while the Greenback’s near 20-year high has...

XEC lifts on resources, posts 1.8% gain on Thursday XOJ closes 0.8% higher East33 watch continues, oysters from Sydney up circa 25%   The resources-rich ASX Emerging Companies (XEC) index is surging on Thursday, with gold, base metals and...

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...

As milestones go, bringing a mine into production has got to take the cake and that’s exactly where Strike is at with its Paulsens East iron ore project in the Pilbara. While the company is no stranger to iron ore production – it also prod...

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...

Strike Resources has broken out from the pack of Pilbara exploration juniors who dream of one day becoming producers after the company made the giant leap into production at its Pilbara iron ore play.

Strike Resources (SRK) reaches a “major milestone” as mining operations start at the Paulsens East iron ore project in Western Australia Equipment has arrived on the site, with production to generate the first stockpiles of lump direct shi...

Production of lump direct shipping ore (DSO) from Strike’s Paulsens East iron ore mine in WA’s Pilbara region is imminent with mining contractors mobilised to site. Equipment mobilised includes excavators, screens, and an on-site sample lab...