For me I like TRF IFE IOH currently as good exposure to iron ore prices...all have news due re increasing resource sizes and are low cost producers.
Will be looking for a re-rating of the juniors/midcaps
Reuters reports that iron ore giants BHP Billiton Ltd (BHP), Rio Tinto Ltd (RIO) and Brazil?s Vale are asking for a 50% increase in term prices. According to Reuters China Daily says Baosteel, one of China?s largest steel mills, which is leading this year?s ore talks, will wait and see how Japanese and South Korean steel mills react to the proposal before making a decision. Shares in BHP Billiton gained 0.86% to $42.03.
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- iron ore prices about to rocket...pick your st
iron ore prices about to rocket...pick your st
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