Buying opportunities await in iron ore
The heavy decline in prices doesn’t mean the run is over, with a window likely for increasing exposure at the right price.
While the falls may have been disappointing for investors in BHP, Rio Tinto and others, anyone who bought in more than 12 months ago is almost certainly still ahead, even without the bumper dividends most have unleashed in the past year. Simon Letch
After a decline of more than 50 per cent in the price of iron ore in the past four months, many investors will be wondering if the investment case for local miners remains intact.
While the heavy fall in the price will no doubt be painful for any investors who bought into iron ore miners in May when prices were at a record high, it doesn’t necessarily mean they should be giving up and dumping their holdings.
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