SLX News and Press, VanEck Vectors Steel From 04/04/23

2023-04-04 09:16:32 ET Summary The March U.S. ISM Manufacturing number did no favors for the 'no recession' camp. Still, economically-sensitive stocks are holding their own, and I see many global steel equities in the SLX ETF as attractive on valuation. I lay out key price lev...

2023-03-17 15:51:00 ET Summary An expected rise in infrastructure spending, increased demand overseas, and a recovery in automotive production all support the steel industry’s positive outlook. Domestic plate prices should be supported by a healthy export market, given Ukra...

2023-03-06 15:27:09 ET Steelmakers led by U.S. Steel ( NYSE: X ) and Cleveland-Cliffs ( NYSE: CLF ), -4.6% and -4.1% respectively, post broad losses in Monday's trading as metals prices are falling on China's surprisingly cautious economic outlook . Also ...

Summary Remember, just last year, the world was going to have a shortage of lithium carbonate, one of the key raw materials for EV batteries. The price of Chicago lumber futures went through epic gyrations during the pandemic, spiking by 350%, then plunging, then spiking all over again,...

Summary Electrical steel is essential to the ongoing renewable energy transition. The Indian Government recently established goals to increase productivity, modernize its power grid, and provide affordable electricity to all families. So far, India’s new plan recently receive...

Summary Drawing upon my previous analysis of China, India, US infrastructure, and the Russia- Ukraine war, I now form a bullish view of the SLX steel ETF. Supply tailwinds for the global steel industry include subdued Chinese production and persisting supply-side shocks from the Russia-...

Summary Iron ore has rallied above $120/t at the start of 2023, rising by more than 50% from the lows of just under $80/t in early November 2022, with China driving prices higher. We have increased our price forecast for 2023 reflecting continued China reopening optimism and likely furt...

Summary Modern relations between China and Australia are in a deep freeze. China finds itself increasingly isolated, not only from the U.S., but most of the world. Chinese policymakers have prudently decided to return to one of their oldest allies: Australia. The Chinese also fe...

Summary Concern over China’s economy notwithstanding, iron ore remained relatively stable in September and October. This is of note because historically, these months are one of China’s highest peak demand periods. The spot price has, by and large, remained on an eve...

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...