Pete Wargent blogspot


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Tuesday, 9 June 2020

Thar she blows!

Vale shutdown

Iron ore surges another +5 per cent on Brazil closures concerns.

Vale has been ordered to temporarily shut operations in Brazil by a local judge.

There are supply concerns that other closures could follow in Brazil, which is in turn bullish for Australia:

The ASX 200 could retake 6,000 on this news, although the rally is already looking overbought.