BHP Losing Iron Grip

SMH reported doubts about the ability of iron ore prices to hold on to bumper levels put a lid on BHP Billiton’s (NYSE:BHP,ASX:BHP) share price yesterday.

As quoted in the market news,

BHP shares closed steady at $36.40, which did represent some recognition of the better than expected production figures as it compared favourably with the $1.17, or 1.7 per cent, share price fall to $65.08 suffered by fellow diversified miner Rio Tinto.

Click here to read the full SMH report.