FMG Reaches A New Record High While BHP and Rio Climbing the Ladder Fast

  • May 19, 2020 08:53 PM AEST
  • Team Kalkine

ASX-listed iron ore miners gaining momentum over the rise in iron ore prices to multi-week high across China.

Gold MTF non-AMP

  • Fortescue Metals Group Limited (ASX:FMG) inked a new record and a 52-week high of $13.950, while ending the day’s session 4.43 per cent higher against its previous close on ASX.
  • Likewise, other iron ore magnets such as BHP Group Limited (ASX:BHP) and Rio Tinto Limited (ASX:RIO) gained strong swing with both stocks witnessing large gap up opening on 19 May 2020 on the ASX.
  • BHP ended the session 5.89 per cent higher against its previous close on ASX to close at35.050, while Rio posted 4.67 per cent gain to close at $94.520.

 


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