Industry News

ASX 200 resources giants lift despite plummeting iron ore price

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Update time : 2021-09-16 18:43:01

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.

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