SSE Composite UP 1.02%
RIO NYSE UP 1.88%
BHP NYSE up 1.69%
VALE NYSE UP 1.26%
CLF NYSE UP 0.40%
Platts Spot price 62%Fe Down 60 Cents now $95.40/dmt US
Platts Spot price 62%Fe Down 95 Cents now $101.54/dmt AUD
Looks like the Bulls won the battle in London & New York last night!
EU fails to impose tough sanctions on Russia http://www.usatoday.com/story/news/world/2014/07/22/ukraine-russia-putin-eu-sanctions/12995413/
AGO still looking too hairy for me!
"discounts for lower grade iron ores are here to stay, according to BHP Billiton marketing president Mike Henry, despite the protestations of smaller miners like Fortescue Metals Group and Atlas Iron."
Read more: http://www.smh.com.au/business/disc...-mike-henry-20140722-3cdmw.html#ixzz38EMztHhV