The Chinese government’s attempt to cool the iron ore price has not stopped some experts from predicting another surge as early as next month. Westpac Banking Corp (ASX: WBC) believes the stars are aligned for the steel-making mineral to rally close to 20% in January to circa US$180 a tonne, reported the Australian Financial Review. .
UBS unveils its latest ASX “buy” idea for 2021
Brendon Lau | December 18, 2020 3:39pm |
More on:
The
Mineral Resources Limited(ASX: MIN) share price is surging higher even as the ASX share market took a tumble.
Shares in the ASX miner jumped 2.1% to $33.40 in the last hour of trade when the
Rio Tinto Limited(ASX: RIO) share price added 1.1% to $117.70 while the
BHP Group Ltd(ASX: BHP) share price advanced 0.3% to a more than nine-year high of $43.41.
ASX miner is the latest “buy” rated stock
But it’s the Mineral Resources share price that’s in the spotlight on Friday after UBS initiated coverage on the stock with a “buy” recommendation.