Have Australian Miners BHP, RIO and FMG Peaked?
The demand for commodities in 2020 saw a sharp rise in commodities prices creating a mining boom, which has boosted the fortunes of many Australian mining stocks including BHP Billiton and RIO Tinto although most impressive has been Fortescue Metals Group (FMG) given that it has risen over 130 per cent in the last 12 months.
Right now, we need to ask have commodities prices peaked and will this continue in 2021 or will commodity prices and miners start to tumble in price?
In tonight’s Australian Stock Market Show, Dale and Janine will share their insights on the current mining boom. They will also analyse FMG, BHP and RIO Tinto to share their thoughts on whether it is time to sell or hang on for further rises.