ASX 200 giants are holding ground on Thursday despite the falling iron ore price.
The price of iron ore has slipped to trade at US$124.16 per tonne today.
That represents a slump of more than 23% since this time last month. It also marks a significant decline from the 52-week high of US$233 per tonne, which it hit in May.
Interestingly, as the price of iron ore falls, the share prices of ASX 200 resources giants Rio Tinto Limited (ASX: RIO) and BHP Group Ltd (ASX: BHP) are in the green. Fortescue Metals Group Ltd (ASX: FMG) has slipped slightly in early afternoon trading.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
