Iron ore hasn’t received much coverage this year, but it still has a profound impact on the ASX through the likes of BHP, FMG and RIO. In line with our positive outlook towards China, we can see the bulk commodity grinding back up towards $US150/MT, which would be bullish for the heavyweight ASX miners.
- We believe iron ore can defy its doubters and retest its early 2024 highs as Beijing starts to deliver economic stimulus.
MM is bullish towards iron ore through 2024
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