I’d use copper for global health. Iron ore more specific to China. So you can argue China stimulus kicking in which is propping up construction again. Which is also good for the world, copper and the health of the world economy.
Analysts got iron ore horribly wrong yet again.
RIO and BHP will print out absolute stellar profits in the following 6 months if this maintains. Let’s just hope the socialist government keeps their greedy hands off it.
RIO Technical Analysis, page-9
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