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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%) wer...
The St George Mining share price rocketed 60% at market open. We look at what's driving investor interest in the ASX resource share.
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