Iron ore sector going very strongly.
Iron ore has gone up over $120USD per tonne.
BHP up yesterday 1.5%, Fortescue up 2.4%, Rio up 1% and Singapore iron ore futures up to $120.90USD.
Further, Morgan Stanley has upgraded its forecast to $140USD per tonne this quarter.
Most economists are tipping China’s reopening will boost mining stocks greatly.
On another note, when Ukraine rebuilds all its destroyed buildings one would think iron ore will be required in volume.
Glad to be part of this “dividend producing machine” BHP especially with the sector booming.
Can only see this required high share price continue to climb in the future.
Iron ore sector going very strongly.Iron ore has gone up over...
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$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
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| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
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| BHP (ASX) Chart |