Iron Miners: The Worst is Still to Come
July 07, 2015 at 10:45 AM EDT
Wolfe Research’s Gordon Johnson, surprising no one, argues for more downside in iron miners Rio Tinto (RIO) and Cliffs Natural Resources (CLF): Reuters Yesterday, we learned that: (1.) port stocks of iron ore in China rose for the first time in roughly 3 months (signaling prices are headed lower), (2.) iron ore produced domestically in [...]
