Monsters of Rock: Iron Ore Back in Vogue
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2 Articles
Monsters of Rock: Iron ore back in vogue
Iron ore back above US$100/t Major miners hit strongest share prices since Liberation Day ASX 300 Metals and Mining index up over 2% this week, led by wild Liontown run Iron ore’s run beyond US$100/t has sent the share prices of Rio Tinto (ASX:RIO), BHP (ASX:BHP) and Fortescue (ASX:FMG) running to their highest levels since Donald Trump’s Liberation Day set off the latest US-China trade war in earnest on April 2. The revival of the big miners ha…
Iron ore market weighs heavily on Afrimat’s earnings – Property Wheel
Afrimat has reported a 58.5% decrease in its operating profit from R1 152.4 million to R477.7 million for the year ending 28th February 2025, resulting in an overall profit margin of 5.7%. The Group reported an increase in revenue 36.7% from R6.1 billion to R8.3 billion including the Lafarge business with cash generated from operations equating to R571.6 million compared to R1 551.4 million, impacted by lower profits and working capital requirem…
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