I think what will help Sn. As is helping all metals, per the bounce in HK, today is that the Chinese govt. will go for their usual tactic of pumping money into infrastructure projects.
The market knows their re-opening is failing and had marked down metal stocks led by BHP. Now, the Emperor for life* is expected to bite the bullet. Mind you he's not admitting he was wrong about the savage re-CV19 and lockdowns, but no lockdown for this outbreak.
(I'm going to Japan in Sept. I understand heaps of Chinese are already revenge traveling there. I think my quadruple vaccination might get tested (plus having had it). Sigh!
All IMVHO. * Please don't let the CV19 lockdown thing mean, I'm talking about Desperate Dan. Though it would it'd be a natural enough error.
MLX Price at posting:
26.8¢ Sentiment: Buy Disclosure: Held
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