Iron Miners' Shares Retreat as Iron Ore Price Hits Three-Week Low

MT Newswires Live
May 28

The shares of major Australian iron miners retreated in recent trading on Wednesday after the iron ore price hit a three-week low.

Rio Tinto Group's (ASX:RIO) shares fell almost 0.6%, while those of BHP Group (ASX:BHP) fell almost 0.4%. The shares of Fortescue (ASX:FMG), on the other hand, rose 0.3%.

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