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The Sydney Morning Herald reported that iron ore prices hit their highest in six months, leading several iron ore miners to see slight gains.
The Sydney Morning Herald reported that iron ore prices hit their highest in six months, leading several iron ore miners to see slight gains.
As quoted in the publication:
Resources giant BHP Billiton was up 0.3 per cent to $35.74, while main rival Rio Tinto added 0.2 per cent to $61.81 amid reports Swiss mining giant Glencore had it in its sights as a takeover target. Iron ore miner Fortescue Metals Group lifted 1 per cent to $4.
Iron ore juniors BC Iron and Atlas Iron were the best-performing stocks in the S&P/ASX 200, climbing 4.9 per cent and 2.6 per cent to $2.15 and 59¢ respectively.