I remain optimistic, and an extract from this morning's Everblu...

I remain optimistic, and an extract from this morning's Everblu morning report (this is a free report emailed daily) relevant to the iron ore industry.

China iron ore futures extend gains on Vale's woes - China's iron ore futures extended gains for a third session, buoyed by continued supply worries, after Brazil's Vale closed a tailing dam earlier this month, and lowered full year iron ore and pellet sales guidance.

The Brazilian iron ore mining giant said on Monday it had temporarily closed its Itabiruçu tailings dam to assess the structure's "geotechnical characteristics", lowering its full year sales guidance between the lower end and midpoint of previous range of 307 and 332 million tonnes, reports AFR.

Read as: Good news for everybody else!