Mineral Resources’ shorts squeezed as iron ore bounces back to $US100/t and China ramps up lithium cuts

by Pelican Press
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Mineral Resources’ shorts squeezed as iron ore bounces back to $US100/t and China ramps up lithium cuts

An iron ore price revival and a glimmer of lithium hope have catapulted Mineral Resources shares, dragging the company’s horde of short sellers into the pressure cooker.

Chinese stimulus measures announced on Tuesday aimed at boosting the country’s flailing property sector has thrust the iron ore spot price up nearly $US10 a tone in the space of three days.



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