ASX iron ore miners jump on broker upgrades
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…