METAL DETECTIVE

Macquarie: The new force in iron ore optimism

CHINESE spot prices are down but the optimism meter is surging after Macquarie expanded its Australian iron ore coverage fivefold – bringing a speculative African punt into the fold. There’s also a surprise or two in the bank’s new copper favourites. <b><i>The Metal Detective</i>, by Stephen Bell</b>.

Stephen Bell

As noted by MD’ MiningNews.net colleagues, there is a growing band of starry-eyed optimists out there, otherwise known as bottom pickers, who believe the only way for downtrodden stocks and commodities...

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