Iron Ore Producers

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Question asked 27/10/2023

Iron Ore Producers

Hi MMatters Team Beijing unveiled fresh fiscal stimulus measures to support construction this week which lifted RIO,BHP and FMG. As I hold all 3 of these Iron ore producers what is your current view on valuations of these 3. Where do you see the price of Iron Ore being supported? As you say being active and planning your trades will be key to returns. While I don't want to prematurely sell - I also don't want to hold too long when the Sector turns negative. regards Deb

Answer

Hi Deb,

We’ve had a number of questions around iron ore over recent months, our view at MM hasn’t waivered at any stage:

We are long and bullish toward iron ore and China.
We are holding BHP Group (BHP) in our Active Growth & Active Income Portfolios, plus Mineral Resources in our Active Growth.
Obviously as we run “real money” portfolios at MM we cannot own every stock but we do like FMG and RIO at this stage of the cycle.

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Fortescue Metals Group Ltd (FMG)

LAST UPDATED 26/10/2023 15:47

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