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3 ASX shares to leverage the booming iron ore price – Motley Fool Australia
The iron ore price is on the rise, hitting nearly $110 per tonne this month. We take a look at 3 ASX iron ore shares leveraged to this trend.
The iron ore price is on the rise, reaching nearly $110 per tonne this month. This is the highest price seen since August last year. The increase in coronavirus infections in Brazil has caused supply concerns while demand is rising in China. The Chinese Government has vowed to increase spending on infrastructure construction to combat the economic impacts of coronavirus. Here, we take a look at 3 ASX iron ore shares heavily leveraged to this trend.
Fortescue Metals Group Limited (ASX: FMG)
Th…
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