OTCPK:TNGL - Post by User
Post by
toasted101on Jun 10, 2015 4:08pm
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Post# 23817431
Iron Ore Prices Bottomed And Are Rebounding!
Iron Ore Prices Bottomed And Are Rebounding!* Iron Ore Miners Higher on Stronger Prices - https://www.skynews.com.au/business/business/market/2015/06/05/iron-ore-miners-higher-on-stronger-prices.html
Australia's iron ore miners have received a lift in morning trade after the price of the steel-making commodity rose overnight.
The iron ore price is trading around a four-month high of $US64.77 per tonne last Friday, more than 35 per cent above the 10 year low of $US47 in February.
Pure play iron ore miner Fortescue Metals Group gained 3.1 per cent to $2.35 while mining giant Rio Tinto was one per cent higher at $57.33 and junior miner BC Iron was 1.3 per cent higher at 38.5 cents at 1035 AEST.
- See more at: https://www.skynews.com.au/business/business/market/2015/06/05/iron-ore-miners-higher-on-stronger-prices.html#sthash.NyQrYjIh.dpuf