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Updated thoughts on Iron Ore please

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Updated thoughts on Iron Ore please

Hi Market Matters Team Current view on the Iron Ore names please (BHP, RIO, FMG) With markets falling heavily this week- are you optimistic towards Iron Ore into Christmas? regards Deb


Hi Debbie,

No change, we continue to like iron ore names, particularly BHP over and above RIO, and FMG, the bulk commodity has held up well over recent weeks as bond yields have weighed heavily on markets and especially parts of the resources sector as fears grew that restrictive central banks will threaten economic growth. However it still feels early to be chasing the stocks mentioned earlier into any strength i.e. as we did recently with BHP we are accumulators into dips.

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Iron Ore ($US/MT)
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