06 December 14
Metal Bulletin’s iron ore index for 62% Fe material rose by $0.52 to $71.77 per tonne cfr Qingdao.
Aussie dollar down now to US$0.8316
US added 321,000 jobs in November which means they will be buying more Chinese goods.
Atlas is cutting a lot of fat off their company to survive, becoming a leaner, smarter company, just what they needed to do. When the cycle turns, they will be well placed to take advantage of it.
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