Miners set to ride iron ore boom - get ready to report their financial results at the end of the month.
Miners set to ride iron ore boom
February 14, 2013 09:40 AM
Australia’s economic growth is expected to ease according to the central bank, with GDP growth to remain below trend this year. The Chinese economy has seen exports and imports jump last month. Analysts back iron ore prices as global miners BHP Billiton Limited (ASX:BHP), Rio Tinto Limited (ASX:RIO) and Fortescue Metals Group Limited (ASX:FMG) get ready to report their financial results at the end of the month.
China posts positive trade figures
China’s trade surplus has beaten expectations, despite narrowing to $US29.2 billion in January, according to China’s General Administration of Customs. The world's second-biggest economy reported a 25 per cent jump in exports and a 28.8 per cent jump in imports last month, compared to the year before.