What’s behind the iron ore rally? - Beaufort Securities
Tip TV viewers are already aware of the bullish technical of iron ore rally - inverse head and shoulder breakout discussed in Thursday’s Finance show.
In this segment, we take a look at the fundamental factors that might be at play. Iron ore has spiked to $80/tonne at a time when most experts were bearish.
Charlie Long from Beaufort Securities says China’s ban on coal mining and Trump bump could be the two factors responsible for the rally in iron ore.
Listen to the full segment for detailed fundamental analysis of the iron ore market and comparative YTD performance of iron ore and Vale.
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