BHP Group, Rio Tinto Shares Advance as Iron Ore Price Crosses $100 Mark

MT Newswires Live

09/07

BHP Group (ASX:BHP) shares rose past 1%, and Rio Tinto Group (ASX:RIO) climbed nearly 1% in recent Monday trade as iron ore prices recorded gains.

Iron ore futures increased as much as 1.6% to $101.10 per ton in Singapore, surpassing the $100 mark for the first time in seven weeks, partly on expectations for increased buying from China ahead of holidays in October, Bloomberg reported.

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