Posco grootste winst Q3 ever, erts prijs en miners herstellen, Evergrande lijkt zich ook te ‘herpakken’.
Het is maandag, met dit soort nieuws uit de Oost moet de 28 euro haalbaar zijn.
Succes allen.
03haR
SEOUL (Reuters) - South Korean steelmaker POSCO reported its highest-ever quarterly operating profit in the third quarter, as a surge in steel prices was fanned by reduced supply from China.
POSCO, the world's sixth-largest steelmaker, said on Monday its consolidated operating profit for the July-September quarter was 3.1 trillion won ($2.63 billion), matching its forecast earlier this month
The iron ore price has managed to stabilise around the US$120 a tonne level, providing some much-needed reassurance for the beaten up BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Ltd (ASX: FMG).
Last Friday, iron ore spot prices pushed US$2.59 or 2.2% higher to US$119.52 a tonne, according to Fastmarkets. Its commentary said that prices corrected upwards after a sharp decline on Thursday amid a bearish outlook for iron ore demand.
Iron ore futures on China’s Dalian Commodity Exchange opened higher on Monday, with contracts for January 2022 delivery lifting 4.65% to around 710 yuan (US$111) a tonne.
HONG KONG (Reuters) - Shares in China Evergrande Group shot up 4% on Monday after the embattled property developer announced plans to prioritise growth of its electric vehicles business over its core real estate operations.
China Evergrande New Energy Vehicle Group Ltd stock jumped as much as 17%, versus a 0.3% fall in the Heng Seng Index.