UBS says iron ore prices to stay high
UBS analyst Lachlan Shaw says the investment bank expects limited supply and stimulus from Beijing should keep iron ore prices between a trading range of $US100 a tonne and $US135 a tonne over the next 24 months.“Over the medium term, coupled with moderating supply growth and robust steel export demand, there is upside risk to our price forecasts in 2025/26 if Chinese steel exports hold at healthy levels, China,” UBS said.The strength of iron ore prices currently around $US135 a tonne has propelled Rio Tinto and Fortescue to new share price highs today.
Iron ore price, page-51072
-
- There are more pages in this discussion • 3,460 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$16.12 |
Change
-0.010(0.06%) |
Mkt cap ! $49.63B | |||
| Open | High | Low | Value | Volume |
| $16.30 | $16.35 | $16.00 | $142.8M | 8.831M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18592 | $16.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.14 | 3138 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |