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Can iron ore keep pumping the ASX share price of these miners? // The Motley Fool Australia
The price of iron ore keeps going up and people are still talking about it.
The Australian Financial Review (AFR) quoted portfolio manager William Curtayne at Milford Asset Management this morning who predicts Rio Tinto Ltd (ASX: RIO) and Fortescue Metal Group Limited (ASX: FMG) 2022 earnings to be upgraded more than 100% if the iron ore price stays at US$165 a tonne.
It’s currently trading around US$170 a tonne, up nearly 80% for the year.
Let’s take a look at what big ASX metals and mining players Rio Tinto, Fortescue and BHP Group Ltd (ASX: BHP) have got going on.
How much have these ASX miners gained so far this year?
BHP, Rio Tinto and Fortescue are all up by 10.4%, 5.9% and 7.5%, respectively year-to-date.
Each company…
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