SLX News and Press, VanEck Vectors Steel From 10/25/22

Summary SLX invests across a portfolio of steel producers and iron-ore miners. The fund has outperformed the broader market this year, despite more recent volatility and commodity pricing pressures. The fund is likely to distribute an annual dividend in December representing a...

Summary As China’s economy gets weaker, the country’s steel industry and those companies supplying it with raw materials like iron ore now face a bleak future. As they head into the second half of the year, the steel manufacturing industry's profitability has already...

Summary Energy-sensitive European factories and aluminum smelters remain stranded due to the ongoing Russian-Ukrainian war. China still remains the go-to destination for European steel and aluminum supply. Though China itself, one of the largest consumers of steel, coke, and a...

Summary What's working is Energy (again) and what's not working is Crypto, Materials, and Information Technology. We finally got some good news and that's from Starbucks. We are focusing again on fixed income securities; learn about the tax advantages of discount bonds. ...

Summary After powering to new highs in the Spring, metal prices continue to slide. Iron ore, aluminum, and copper have all fallen to varying degrees, and those merely represent the largest volumes. Prices surged earlier this year based on several predictions. The first was that ra...

Summary Gold has rarely seen more shorts than longs over the past decade and is the only precious metal currently positioned net long (+22.29%). With a net 9.24% of open interest positioned short, that is the most pessimistic positioning reading since May 2019. As speculators ...

Summary A few days ago, China’s State Council announced more stimulus policies. Following the recent stimuli announcement, a Bloomberg report stated that China’s raw materials prices, including iron ore prices, had officially steadied. Rebar inventories have also...

Summary "What's working" is natural gas and not much else; "What's Not Working" is dominated by digital assets and other "risk on" indicators. The "Nothing is Working" Market. A New Bond Strategy - "Enhanced Bond Portfolio". Brian Dress, CFA - Director of Research, Inv...

Summary Nippon Steel has been flying under the radar over the past few years as losses for investments have dropped the valuation. However, now undervaluation can be used as a catalyst for strong returns thanks to the company’s global scale. Secretly, the company has ex...

Summary Like India, infrastructure growth plays a major role in China’s consumption of steel. Although trade relations between China and Australia are low, Australia’s biggest export item, iron ore faces supply chain threats because of the Chinese slowdown. Unlik...