article today in AFR on line will no doubt repeat tomorrow. With futures up both BHP and RIO had huge jumps in US and London. This is going to be a boomer year for AGO. Here is part of article today.
"In London, Rio's 5.8 per cent advance helped push the FTSE 100 higher, while BHP added 2.4 per cent. In New York, Rio added 5.3 per cent and BHP was 2.2 per cent higher.
Iron ore futures in China surged more than 8 per cent at one point on Friday, topping the $US100 a tonne mark, in defiance of fears that commodity prices would stumble in the wake of Chinese New Year holidays. The spot price of the steel-making material jumped 3.3 per cent to $US86.62 a tonne, the highest since September 2014.
Friday's much stronger-than-expected Chinese trade data underpinned the renewed appetite for natural resources. Imports rose at the fastest pace in four years amid a continued construction boom, according to preliminary Chinese customs statistics. Meanwhile, indicators suggest global manufacturing activity has begun 2017 on a solid footing. Tuesday's inflation data from the Asian powerhouse is the next key indicator."
