The rebound is upon us, seemingly, with Dalian and rebar futures both strongly up this morning 1% and 1.6% respectively. That has most miners riding the rebound, with FMG leading, back above $4. This is despite China’s terrible weekend data and the Arrium rights issue plundering equity holders this morning. The juniors are mostly flat:
The majors mostly up:
The idiocy spreads widening:
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