GBG 0.00% 2.9¢ gindalbie metals ltd

iron ore potential

  1. 11,925 Posts.
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    is it an iron play? or gold play?

    0237 GMT [Dow Jones] Predictable "no comment" from Rio Tinto spokesman in
    Australia on Tokyo newspaper report Rio asking for 50% price hike in current
    iron ore talks with Japanese steel mills. Analysts say tough bargaining stance
    by Rio, BHP, no surprise in market short of key steel-making commodity. Smart
    money on iron ore miners winning 30%-plus increase, providing major revenue
    boost from April 1 when new prices take effect. Rio shares up 1%, BHP up
    0.3%.(SPB)
 
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