Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
South Korean company LG International has bid for Peabody Energy’s Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia:
“The bid was tabled late April – just before Australian thermal coal prices slumped to a 21-month low on worries about an economic slowdown in China, the person said.”
Peabody is hoping to earn $700 million for the 2Mtpa thermal coal mine, which could also have as potential bidders New Hope, and Thailand state-owned PTT, reported The Australian.
Comments
CapelloFamous
It is my understanding that the Electric Vehicle(EV) industry is widely progressing. With the population growing and the economic ups and downs of today’s markets, people look for ways to save money. That is mainly why individuals turn to EV’s. The EV market was estimated to be in the $70 Billion range by 2021, and I would like to contribute towards that movement by providing Lithium-Ion to a company/corporation who is interested. I know one of the biggest elements in Electric Vehicles is the Lithium-Ion mineral, and I have a 198,000 acre property containing heavy earth minerals (Lithium-Ion).
The property is located in South America, in which it has been tested and recorded by Geologists. More specifically, the property is located in Northern Argentina close to Chile. It is bigger than the Los Angeles San Fernando Valley; just to add some perspective to the size. In addition to the above, I also have all the paperwork/documents to support the findings and ownership of the property.
My mission is to find a buyer(s) that would buy the land from us. This has been difficult since it is not easy to get a hold of the individual who handles these matters over the phone. I would like to set up a meeting in which we can discuss this information in further detail. I appreciate your time as well as effort.
Kindest Regards,
Alex Capello
[email protected]