Big iron can’t catch a bid despite the rising ore price hinting firmly at a gathering de-rating for the sector, and not before time. BHP is down -1%, RIO -0.8% and FMG -1.4%:
Idiocy spreads are slowly closing:
But for big gas they are now opening. As the Brent price falls inexorably, local LNG stocks have bounced again with WPL up 0.4%, OSH up 1.5%, ATO up 1.7%, ORG down -0.6% and up -1.4%:
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