Get your ore in. The iron ore price has fallen by more than a third in the past year to $115 a tonne, although China is still buying up whatever Rio Tintocan produce, in spite of the country’s managed economic slowdown. Rio, with its multi-decade investment horizons, plans beyond short-term price variations. China’s slowdown could be shortlived if stimulus measures kick in during the fourth quarter. But Rio, which derived nine-10ths of its $5.2bn of underlying half-year earnings from iron ore, cannot be complacent: it is more exposed to the iron ore price than peers.
买进矿商股票吧。过去一年里，铁矿石价格下跌逾三分之一，至每吨115美元，尽管manbetx3.0 在有管理的manbetx20客户端下载 放缓之际，仍在买下力拓(Rio Tinto)的全部供应。拥有几十年投资视野的力拓，在规划时不受短期价格变动的影响。manbetx3.0 的manbetx20客户端下载 放缓可能是短暂的——如果刺激措施在第四季度落实到位。但力拓不能自满，其52亿美元的半年度基础利润中，90%来自铁矿石；它比业内同行更易受铁矿石价格影响。