From The Australian:
Wes Campbell, senior portfolio manager JCP Investment Partners, has told clients that from a portfolio perspective, the investment manager was happy to maintain its exposure to the lowest-cost producers of iron ore that “stand to benefit from increased volume as they displace higher-cost producers’’.
“We expect that once the iron ore price settles at or around our long-run forecast of $US67 a tonne, the market will then focus on the free cash generation of BHP and Rio.”
