I suspect this is part of the reason MIN is rocketing up so much quicker. The majority of shorts put on MIN were taken at $42 and below, so they are now well in the hole. The higher Iron Ore goes the worse it gets for MIN shorters.
If we can approach $4 and the lithium price can give us a bit more of a boost, we will see the same affect, possible more exaggerated.
Short Position Updates, page-8
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