Dam Good Iron Ore Boost Pushes BHP to 2025 Peak

Dam good iron ore boost pushes BHP to 2025 peak

China’s mega dam build helped spark an iron ore price revival that has lifted shares in Australia’s largest mining company to a 2025 high, but a clampdown on steel mill cannibalisation is stoking uncertainty.

China’s mega dam unleashes ‘flurry’ of bullish iron ore trades

Australia’s key export is rallying on hopes that Beijing has rolled out its old playbook of using large-scale projects to boost growth.

Closing Bell: Resource stocks win ASX tug of war as market ends flat

Iron ore surges to four-month highs at US$104/tonne Gold lifts 1.4pc to five-week high Banks mostly lower as profit taking continues   Resource gains outweigh bank sell down It was a veritable tug of war on the ASX today as surging resources stocks went to war with floundering banking shares and managed to snatch victory right at the last second. The ASX lifted just 9 points or 0.1%, struggling into positive territory in the last ten minutes of …

Major miners up as China announces new mega project

Iron ore prices hit their highest level since February as China announced a new mega-dam project. The price of iron ore on the Singapore Exchange's August contract has climbed to US$1041 per tonne. As such, the iron ore price is up about 10% since the start of July. And ASX-listed iron ore miners have also seen their share prices lift over the past month. Rio Tinto Ltd (ASX: RIO), Australia's biggest iron ore miner, has seen its share price gain…