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Steel yourselves

General - 14 September 2020

Ingham Analytics revisits the iron ore market in their latest mining Searchlight entitled “Steel yourselves.” If you’re a shareholder in Kumba (of which Anglo American owns 70%), BHP, Fortescue and Rio Tinto you’ll be interested in what is driving iron ore prices to multi-year highs. There are several interesting graphs. Ingham Analytics says that iron ore futures prices are firm into 2021. If you are invested do you stay and is there still some meat on the bone for a new money investor?

Searchlight: R30.00

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