The price of iron ore has fallen below $US100, and it could fall lower with global supply continuing to increase
Clime Investment Management
Clime Investment Management
The price of iron ore has fallen below $US100, and it could fall lower with global supply continuing to increase. The slump is not good news for our major iron ore miners BHP Billiton, Fortescue Metals Group, Rio Tinto and Mineral Resources. The iron ore price highlights a serious issue for the Australian economy that's been completely lost in the post-budget wash-up: a terms of trade crisis. If the $A remains stubbornly high, the falling iron ore price and terms of trade will mean our export earnings will tumble, cutting corporate profits and Government revenue. However, the Government has no plans to manage this looming crisis. Read the full article (VIEW LINK)
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The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.
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Clime Investment Management
Funds Management & Stock Research
Clime Investment Management
The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.
Expertise
Clime Investment Management
Funds Management & Stock Research
Clime Investment Management
The Clime Group is a respected and independent Australian Financial Services Company, which seeks to deliver excellent service and strong risk-adjusted total returns, closely aligned with the objectives of our clients.
Expertise
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