Shares in the major ASX iron ore miners are jumping this morning after brokers upgraded their forecasts for the commodity.
The Rio Tinto Limited(ASX: RIO) share price rallied 1.8% to $103.80, BHP Group Ltd(ASX: BHP) share price added 1.3% to $40.36 and the Fortescue Metals Group Limited(ASX: FMG) gained 1.2% to $18.72 at the time of writing.
In contrast, the S&P/ASX 200 Index (Index:^AXJO) jumped 0.7% as the profit reporting season started a little better than expected.
Iron ore forecasts…
