Fear gone crazy. Funny thing is that Albanese only repeated what he said a few weeks ago at an Oz mining conference a few weeks back. China....."taking a breather"..
Re care and maintenance, for a few Zinc & Nickel mines yes, but certainly not for IO, Copper or Coal. IO profits for the big guys will still be criminal even if they have a 20-30% price decrease.
Just got back on board, doesn't BHP have a great track record of having a bounce the next day after a massive fall?
price crash over fifteen percent in new york, page-30
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