DislikedAmazing, yet interesting. Anyway short US30 av 30,043, stops up there @ 30,168, have it for now.
Australia's biggest export earner....https://www.afr.com/markets/equity-m...0201123-p56h6d
China boom turbocharges iron ore
Jonathan Shapiro and William McInnes
Nov 23, 2020 – 5.22pm
Iron ore prices rallied to a two-month high as robust demand from Chinese steel mills eats into stockpiles despite Australia's big three miners shipping in supply at a record pace.
The rally in Australia's largest export saw BHP, Rio Tinto and Fortescue Metals Group lift the local sharemarket to a nine-month high on Monday, while the Australian dollar closed in on its highs for the year.
The iron ore price climbed to $US128.83 a tonne on Friday, it's highest level since September 14 when it was topped $US130 a tonne, as suppliers rush to keep up with demand. China's is producing more than 90 million tonnes of steel a month.
...Ignored
Also almost no Covid. Borders between Queensland and NSW open next week