Big iron ore is on the nose today with BHP down -1.4%, RIO down -0.8% and FMG off -1.6%:
Meager falls given the clearly weakening iron ore market. But then this market often needs a picture painted for it first. Indeed, yesterday reader Josh Morees suggested that there may be an Australian Stupidity Premium in the big dual listed miners versus London. Here is the local and foreign listings charted against the AUD/GBP for BHP:
Advertisement
And RIO: