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 is the outlook for iron ore prices according to the text?

What strategies might BHP and Rio consider to enhance their production?