Iron ore still slowly moving higher - should assist in some small way with cash inflows…..
In line with others, including Goldman Sachs and Fitch Solutions, BofA said it expects iron ore to reach $US150 a tonne in the June quarter. “Iron ore inventories at [Chinese steel] mills have fallen to all-time lows,” and re- stocking should bolster prices.
excerpt from AFR today about Bank of America projections
BCI Beautiful Compounding Investment, page-899
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