Resources

The uranium sector and Energy Resources of Australia (ERA). Australian sharemarket analyst, Macquarie Research Equities gives ERA an Outperform rating with a suggested upside of up to 17 percent per share.

Could Uranium Return as the Next Boom Resource?

Orica (ORI) commentary by Australian stock analysts Macquarie Research. They see 15% further upside to this stock.

Resource Services, Real Winner in Sector Boom!

Sharemarket analyst UBS has provided an Australian resources sector update. Zinc prices have increased 14% in the last month. Along with nickel, and copper, zinc prices have performed well in 2007. In the last month alone, LME zinc prices have increased 14% and are now 167USc/lb. In contrast, Australian zinc equities have underperformed largely due to concerns regarding increasing Chinese imports.

A 7% price increase in 2008/09 09 (a 20% fall previously), and a 10% decline the year after (-15%) in iron ore prices by analyst Citigroup Investment Research (CIR). In 2010/11 CIR now expect a 30% fall (0% previously). The market for iron ore is expected to be close to balance in 2007, only moving into modest surplus in 2008. The analyst expects stronger Chinese demand, both in 2006 and forecast, is the main reason for the market environment. In April, when the 9.5% increase in contract prices is implemented, the delivered price of Brazilian ore will be on a par with current Indian spot.