Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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Thursday, 9 February 2017

2.5 year high for iron ore

Up, up, up we go again, to $83.84/dry tonne, for the highest spot price since October 2014.

In Aussie dollar terms that's close to a thumping A$110/tonne, which is proving to be a cash cow for the low cost miners such as Rio Tinto (RIO) and Fortescue Metals Group (FMG).