From Port Phillip Insider (AUS) – The share prices of iron ore stocks have shot up like a rocket over the past week.
After sinking below $15 per share in January, BHP Billiton Ltd [ASX:BHP] is now trading for $17.73. It’s up 26% from the low.
It was looking even better on Tuesday, when it was up 38% from the low at one point.
Other iron ore miners have done well too. Rio Tinto Ltd [ASX:RIO] is up 23% from the low.
And as you may or may not guess, the ‘third force’ in iron ore, Fortescue Metals Group Ltd [ASX:FMG] is up a whopping 89% from the low.
At one point earlier this week, it was up as much as 128% from the low. That would have been a nice ride if you could have caught it.