The price of iron ore has experienced notable fluctuations o...

The price of iron ore has experienced notable fluctuations over the past 12 months due to various factors such as global demand, supply chain issues, and geopolitical events. Here's a general overview:
Early 2023: Iron ore prices were relatively stable, with prices hovering around USD 100-130 per metric ton. Demand was consistent, and supply was stable.
Mid-2023: Prices saw some volatility, influenced by fluctuations in demand from major consumers like China and supply disruptions from key producers. By mid-year, prices often ranged between USD 110-150 per metric ton.
Late 2023 to Early 2024: Iron ore prices experienced a significant drop due to weakening demand from China, which is a major consumer of iron ore. Prices fell below USD 100 per metric ton, reflecting concerns about a slowdown in economic activity and lower steel production.
Recent Trends: As of mid-2024, iron ore prices have shown some recovery, fluctuating around USD 100-120 per metric ton. The recovery is attributed to various factors, including changes in global economic conditions, adjustments in production levels, and shifts in market sentiment.

IMO BHP is still a good long-term buy; you use short term variation in the share price to achieve your goals.