Down ,down,down Iron ore has been driven by Chinese construc...
Down ,down,down Iron ore has been driven by Chinese construction. Residential construction is now 20% of a year ago. Ouch Plus the Chinese have spent billions to build a huge railway in Africa to ship high quality IO in large quantities. And all current majors are expanding supply. So demand crashing and supply heading north. I jumped 9 weeks ago after holding for over 25 years
$Fortescue Ltd (FMG.AU)$
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