Surging iron ore prices -- FORTRESS MINERALS

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19 Jun 2019 07:13 - 28 Jun 2019 15:19 #24821 by Kapitan
Fortress Minerals listed on SGX early this year at 20 cents, and there has been little price action === although Iron ore price have hit five-year highs.


The price of iron ore pushed past $100/mt for the first time since May 2014. S&P Global Platts reported that after Vale dam disaster, there has been reduced supply globally.

Strong steel demand from China is contributing to the price increases. China - the world's biggest buyer of iron ore and producer of more than half the world's steel. China - needs lots of steel for property market and infrastructure such as subways and sewerage systems.
Last edit: 28 Jun 2019 15:19 by Kapitan.

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28 Jun 2019 15:18 #24846 by Kapitan
Today's article:
Iron ore miners still a buy, for now

There's still time for investors to profit from the rising price of iron ore, according to Macquarie Wealth Management and Liberum Capital.

The spot price of iron ore topped $US118 a tonne at its Thursday fix,


www.afr.com/markets/equity-markets/iron-...-now-20190628-p5224x

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07 Jul 2019 18:46 #24862 by Val


Iron ore prices are booming now, but may be about to fall back, analysts say

Fortress Minerals' FY ends in February, so 1QFY20 was March-May. Should be reporting results soon, ie within 6 weeks of end-May. Should be by mid-July, ie this week.

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