2336 GMT - Macquarie questions whether the market has got it right when selling off Champion Iron stock relative to other iron ore producers in the wake of U.S. steel tariffs. Champion Iron's Australia-listed shares are down roughly 1/4 in value since mid-February. "However, Champion Iron sells concentrate to non-U.S. customers and iron ore is largely a China clearing market," Macquarie says. Also, a large portion of Champion Iron's costs are "oil driven", being freight, it says. "Champion Iron should be a beneficiary of the declining oil price," says Macquarie, which retains an outperform call on Champion Iron. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 30, 2025 19:36 ET (23:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。