Thu, May 23, 2013, 1:11 PM EDT - U.S. Markets close in 2 hrs 49 mins
anyone know what's up
Sentiment: Strong Buy
India has shut down its iron ore mines. They're going from exporting 100+ million tons to an importer of iron ore. Might be as long as a year before they're up and running again.
Its a huge fundamental shift in the iron ore market. CLF is going to make some large profits in 2013.