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Iron ore prices poised to hit US$180 next month: Westpac – The Motley Fool Australia
The Chinese government’s attempt to cool the iron ore price has not stopped some experts from predicting another surge as early as next month.
The Chinese government’s attempt to cool the iron ore price has not stopped some experts from predicting another surge as early as next month.
Westpac Banking Corp(ASX: WBC) believes the stars are aligned for the steel-making mineral to rally close to 20% in January to circa US$180 a tonne, reported the Australian Financial Review.
That should keep the BHP Group Ltd(ASX: BHP) share price, Rio Tinto Limited(ASX: RIO) share price and Fortescue Metals Group Limited(ASX: FMG) share price supported in…
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