Business
Will ASX iron ore shares continue running in 2021?
The iron ore spot price has exceeded the expectations of brokers and economists alike, running to a 7-year high of US$155 per tonne. This has seen the value of ASX iron ore shares perform well in 2020.
BHP Group Ltd (ASX: BHP) shares have delivered 10% year-to-date returns. Currently trading at around $43, the BHP share price is now eyeing off its previous all-time high record of almost $50 seen back in 2008.
In a similar fashion, the Rio Tinto Ltd (ASX: RIO) share price is currently trading around 14% higher year to date and is within an arm’s reach of its pre-global financial crisis record of $125. Fortescue Metals Group Limited (ASX: FMG) has been the most spectacular performer of the ASX iron ore shares, doubling in value…
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