Continued iron ore rally faces threat as supply worry returns

Original article by Ranjeetha Pakiam
The Australian Financial Review – Page: 16 : 5-Jan-17

The price of iron ore may be negatively affected by oversupply and lower demand. Having risen 81 per cent to around $US80 a tonne in 2016, it is unlikely to continue to climb in 2017. Rising iron ore prices have had a positive impact on share prices of Australian-listed mining companies, with Rio Tinto’s shares gaining 34 per cent in value in 2016.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA

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