Miners to bear the brunt of China woes

Original article by Nick Evans
The Australian – Page: 25 : 29-Jan-20

The coronavirus crisis has weighed on the shares of Australian resources groups that have exposure to China. Shares in Rio Tinto have closed below $100 for the first time since mid-December, while BHP, Fortescue Metals Group, OZ Minerals and Sandfire Resources also retreated on 28 January. The prices of iron ore and base metals have also fallen in response to the coronavirus outbreak. Macquarie notes that based on the SARS pandemic, base metal prices may take 3-5 months to recover from their recent losses.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, OZ MINERALS LIMITED – ASX OZL, SANDFIRE RESOURCES NL – ASX SFR, MACQUARIE GROUP LIMITED – ASX MQG

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