Is US $200 per Tonne Iron Ore Price Possible? -- City Index UK
Read full article: Is US $200 per tonne iron ore price possible?
So what's the fuss about? Iron ore is just one single commodity but it has statistical significance to the Australian stock market. BHP Biliton for example is the largest single exposure on the Australian ASX200 index and by a large factor. It generates around half of its earnings from its iron ore businesses. Rio Tinto -- another key index constituent -- generates more than three-quarters of its earnings from iron ore. Fortescue Metals -- with a market capitalisation of around US$15.5bn at the time of writing -- is a pure play iron ore producer who has returned an average total shareholder return, annualised at 92.5% over the past ten years to shareholders.
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This news is a press release provided by City Index.
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2013년 4월 29일 10:32
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2013년 2월 15일 10:38