Shares of Australian Iron Ore Producers Rise On Signs of Recovery in Chinese Manufacturing

MT Newswires Live

07-02

Shares of Australian iron ore producers climbed in recent trading on Wednesday on indications that Chinese manufacturing activity is recovering.

The shares of Fortescue (ASX:FMG) climbed over 3%, while both the shares of BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) rose almost 2%.

The Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, Reuters reported.

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