VALE - The Iron Bull Is Out Of The Pen

The Iron Ore Deficit Is A Big Deal

To start this post with an iron ore price reference point, here is a weekly logarithmic chart of 62% iron ore (click to enlarge):

chart courtesy of barchart.com

As you can see here, the weekly price of iron ore continues to push higher and has likely not peaked yet.

In a recent article on iron ore, I wrote the following:

Accounting for the Vale supply that has been taken off the market and expected to remain off the market for the foreseeable future, I see a

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