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

Iron Ore Price Has Hit Its Peak: Fat Prophets' Lennox
Jul.16 -- David Lennox, resource analyst at Fat Prophets, discusses the prospects for BHP Group, Rio Tinto Group, and iron-ore prices. BHP reported attributable iron ore production for the fourth quarter that met the average analyst estimate, and sees full-year Western Australia iron ore output at 273 million to 286 million tons. Lennox speaks on "Bloomberg Daybreak: Australia."