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Investors banking on Pilbara profits

Fallout from the coronavirus means the major banks are being replaced as the high-yield stocks of the ASX by the major miners, or more ore specifically, the major iron ore producers – Rio Tinto, BHP and Fortescue Metals Group.

Investors banking on Pilbara profits Investors banking on Pilbara profits Investors banking on Pilbara profits Investors banking on Pilbara profits Investors banking on Pilbara profits

Iron ore stockpiles at Rio Tinto's Cape Lambert port in Western Australia's north

How long the new order in the S&P 20 lasts depends on the scale of bad debt levels at the banks flowing from the economic upheaval caused by Australia's lockdown, and the ability of iron ore to