Who's winning the race into the iron ore pit?

Iron ore mining equities are struggling today despite a decent lead from Dalian futures which have been 1% or so. I’ve updated my relative performance charts to ascertain which of the miners is leading the race to oblivion. The majors are still holing up well:

The juniors not so much:

The GBG data is stylised for a period but it’s the clear winner. Obviously a strong second is AGO. Arrium must be wondering why it didn’t stick to steel but at least it’s still above it’s structural adjustment blues.

I didn’t include BCI because it’s out-performing by so much that it doesn’t fit.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.

Who’s winning the race into the iron ore pit?