S&P/ASX 200 slips as iron ore price hits 10-year high
Tesla reported a record net income of US$438 million for the first quarter. Revenue surged to US$10.39 billion, up 74% from a year ago. Iron ore price has set a record after surpassing its 2011 high of US$188 per tonne.
S&P/ASX 200 (INDEXASX:XJO) slipped 0.36% to 7020 points by 1.10 pm even as iron ore prices hit a decade high of more than US$190 per tonne overnight.
While the broader market was trading lower, iron ore miners Rio Tinto (ASX:RIO) (+0.19%), BHP Group (ASX:BHP) (+0.62%) and Fortescue Metals (ASX:FMG) (+1.06%) were all higher.
Proactive news headlines including Horizon Minerals, archTIS, Cirralto, MGC Pharmaceuticals and Buru Energy
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S&P/ASX 200 recoups early losses following better than expected job numbers
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Proactive InvestorsApril 15, 2021 GMT
Sydney, April 15, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:
Element 25 Ltd (ASX:E25) has completed an “extremely successful” first stage of development at the wholly-owned, world-class Butcherbird Project in Western Australia, with the first manganese ore processed through the plant. Click here
Bellevue Gold Ltd (ASX:BGL) (OTCMKTS:BELGF) has delivered a maiden resource of 310,000 ounces at 9.7 g/t gold at its Marceline discovery within its Western Australian eponymous project. Click here