Who is China’s preferred supplier of Iron Ore?

Here is a chart comparing the stock prices of Iron Ore’s Big 4 to the 62% grade Iron Ore price.

Rio Tinto is cuddling more sympathetically to iron ore’s recent decline.

Fortescue is next.

BHP less so.

VALE being the least.

The percentages that these stock prices are tracking Iron Ore’s price may be a representation of each company’s mine localities, corporate domicile, national allegiance or perhaps ‘politics’.

It may be a the market’s interpretation of who China may see as their preferred supplier?

October 30, 2022

by Rob Zdravevski

rob@karriasset.com.au