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Will the iron ore price crash by the end of 2020? – Motley Fool Australia
Investors beware! The strong performance of BHP, Rio Tinto and Fortescue Metals is under threat on the government’s bearish iron ore forecast
The federal government’s latest budget makes for alarming reading! This is not because of the forecasted big budget black hole, but its expectations that the iron ore price will halve before the end of this calendar year.
The iron ore miners have been doing much of the heavy lifting on the S&P/ASX 200 Index (Index:^AXJO) as they are regarded as some of the safest stocks to buy during the COVID-19 mayhem.
That’s more than what can be said for the other major ASX sector – the banks. The Nati…
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