Prices for both iron ore and steel are tipped to rise in 2010, with Chinese economic growth to be the main driver.
Given potentially the most resource intensive recovery since the 1970s, UBS remains positive on the outlook for commodity prices in 2010 and beyond.
Preliminary November trade data from China Customs are painting a supportive picture for Australian iron ore and coal exports.
Steel industry consultant MEPS believes strong spot prices are setting the stage for solid iron ore contract price increases in 2010.
Weekly musings from your editor. Some insights and observations regarding commodities for the year ahead.
Weekly musings from your editor. Banks or resources? Find your answer inside.
Wesfarmers AGM comments included confirmation its Curragh coal project would be expanded, which brokers see as modestly positive for earnings longer term.
BIS Shrapnel suggests Australian mining investment will reach record levels in four years, driven by multi-billion dollar projects in a number of sectors.
Rio Tinto has lifted the amount of capital expenditure it plans as the company looks to develop its growth options in coming years and brokers view the move as a positive.
Industry analyst MEPS has forecast a 9.5% fall in global steel output in 2009 as the economic downturn has reduced demand.