Business
China boom turbocharges iron ore – The Australian Financial Review
The big miners guided the ASX into positive territory as Chinese demand for iron ore shows no signs of easing.
“[But] what was missing was really that strong steel pricing, and that was because steel inventory was high. In the last month, thats fallen briskly.”
The strong performance of the local miners pushed the S&P/ASX 200 Index up 22.4 points, or 0.34 per cent, to 6561.6, its highest level since February 27.
Chinese demand for raw materials is offsetting concerns over heightened tensions between Australia and its major trading partner that has flared up in the form of tariffs on wine and lobsters, and…
-
Business12 hours agoWarning! These ASX 200 shares were just downgraded
-
Business10 hours ago2 monthly payers you’ll want to own in 2025 and beyond
-
General9 hours agoFatal house fire at Lake Illawarra under police investigation
-
Business12 hours agoAfter falling more than 20% on its FY25 result, are Inghams shares a buy the dip opportunity?