Iron ore price, page-8789

Well, when something like this happens, the IOP altho normally significant will become less so as the winners in producing Fe get picked. AGO looks a little better now than Vale (to whom one could say goodbye depending on whether the tariffs last).

IMHO but pls DYODD AGO looks even stronger now that Aussie steel and aluminium is exempt from US tariffs, AGO, BHP/ BLT, RIO and FMG should all be beneficially favored by this regardless of the retaliation in the trade war scenario.

IMHO AGO, BHP/ BLT, RIO and FMG look special globally even tho BSL will steal some of the thunder initially medium term it is difficult to see how AGO, BHP/ BLT, RIO and FMG do not win save for AGO's debt and mismanagement which might now even be spared from having lasting damage.

It was a great day for Aussie Fe producer sholders regardless of what the IOP does which may have a more negative impact on Vale.