Iron ore up, all else down

print

Iron ore up, all else down

712 views


Published Date: 2020-08-11 | Source: INCE|Community | Author: Mark Ingham

Iron ore up, all else down

How high can BHP go? It is already a shade below AUD40 on the Australian exchange whilst on the JSE the stock is up 20% year to date (and almost 100% since the low in March, assisted by rand weakness). In "Iron ore up, all else down" Ingham Analytics say that when BHP reports full-year results on or around 18 August it'll have iron ore to thank for a strong result - they expect iron ore to contribute 64% of the total, up from 48% last year and 59% in H1. But are we at perfection pricing with iron ore at $118/ton?



0 Comments