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Iron ore continues to be strong going into 2013

Posted on 21 November 2012

Iron ore has run from $86 per ton to $122 per ton, with expectations that prices will hold at this elevated level. Senior resource analyst at Mine Life Pty in Sydney Gavin Wendt told Bloomberg Network that “prices will stay about where they are now until 2013.”
The Street never priced in $86 a ton, but the markets did. There is more to this trade despite the decent bounce in iron ore players like Rio Tinto (RIO) and Vale (VALE). The move is not limited to just iron ore names — more diversified names have benefited from the move in iron ore, like Teck Resources (TCK) and BHP Billiton (BHP)………………………………………Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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