All eyes on iron ore

IRON ore plays have moved from strength to strength this week as share prices continue to be bolstered by surging demand from China, with iron ore major Rio Tinto becoming the first Australian company to see its share price hit $100 since the Poseidon bubble almost 40 years ago.

All eyes on iron ore All eyes on iron ore All eyes on iron ore All eyes on iron ore All eyes on iron ore

During yesterday's trading session, Rio Tinto's price rose to a high of $100.09 before closing at $99.99.

In morning trade today the major's shares had slipped again to $98.76.

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