Iron Ore Price Has Hit Its Peak: Fat Prophets' Lennox

The video discusses the performance of BHP and Rio, highlighting their struggles to find growth avenues and maintain momentum in their iron ore divisions. It examines the impact of the Vale incident on iron ore prices, which remain elevated. The discussion also covers the influence of Chinese demand on steel production and iron ore supply. Investment strategies for BHP and Rio stocks are explored, with a focus on market trends and the U.S. dollar's direction.

What was the impact of the Vale incident on iron ore prices?

• It had no impact on prices.

• It caused prices to drop significantly.

• It pushed prices to higher levels.

• It led to a stabilization of prices.

What is the expected trend for iron ore prices according to the discussion?

• Prices will fluctuate unpredictably.

• Prices will remain stable.

• Prices have likely peaked and may decrease.

• Prices are expected to continue rising.

How did BHP and Rio respond to high iron ore prices in the past?

• They ramped up production.

• They maintained the same level of production.

• They reduced production significantly.

• They stopped production entirely.

What is the current state of China's steel production?

• It is growing slowly but steadily.

• It is declining rapidly.

• It is growing rapidly.

• It has stopped growing.

What factor is crucial for the future performance of BHP and Rio stocks?

• The demand for coal.

• The supply of copper.

• The price of gold.

• The direction of the U.S. dollar.