Iron Ore I believe are set by agreements between producers and users ... same for coal ... however cant see either of them outstripping the 35% rise in the AUD/USD exchange rate ... contracts of this nature are almost always set in USD.
As for the others yep some have gone up I am looking at the big picture and the indexes. Nickel has been the best in AUD terms up over 30% in overall terms. Lead also Up around 20% Copper about the same ....
Ahh the mining boys are going ... according to the most recent numbers our mineral exports by value 1\ Coal 19 % 2\ Gold 11 % 3\ crude and pet prod 11 % 4\ Iron Ore 9 % 5\ Alumina 9 % 6\ LNG 6 % (gas) ect ect and Nickel 2.4 %
Not too sure when looking at rises in Nickel or lead whether they matter that much.
What I do remember ... Coal as our largest export .... well there is a price fight every year when they set the contract ... are we suggesting they are going to raise the price they are willing to pay by 35% ... hmmm Same for Iron Ore ....
I suppose my initial post did only cover Oil and Gold ... however most of the small companies I am worried about seem to be either tiny Gold or Oil ... even that is not the point ... these companies are not even yet producers.
Gotta love the recenet post calling one of these fleas an investment .... they are into Rubies and Diamonds .... gee that convinced me right there and then Rubies and Diamonds and its an investment geee let me have some !!!! Not !!
