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.

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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