RE: Millions in profit/month10 Nov 2022 16:00
short term pain / long term gain.
https://markets.businessinsider.com/news/commodities/is-the-iron-ore-price-nearing-its-bottom-11883807
'But it seems this downturn in the market is not worrying Australia’s biggest iron ore players, BHP, Rio Tinto and Fortescue. “We are seeing some short-term weakness, particularly with inflation and interest rates rising in the western world, and those events, combined with some impact from COVID lockdowns on the property sector in China, and so we have seen a pullback in iron ore prices of late,” Rio Tinto Iron Ore chief executive Simon Trott told the ABC.“But the long-term future for the iron ore business is strong, the world continues to need steel and will continue to need steel for the lives people want to live as well as future decarbonisation.” All three of the majors have opened new iron ore operations in the last 18 months.'
Not a bad time to begin playing the long game...