Rio Tinto Inks Deal For Guinea iron ore project 28/07/22

Rio Tinto Inks Deal to Unlock Huge Simandou Iron Ore Project   Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port, in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit. “The parties will now …

Iron Ore DCE September Daily Technical Review 27/07/22

Verdict – Short-term neutral.   DCE iron ore September failed to break through the concentrated trading level around 750.0 by closing. Thus, iron ore potentially reached periodic high area. Slow stochastic KD created dead cross in overbought area and deepened correction. Hourly CCI created bearish divergence. Hourly MACD potentially creating dead cross. Technical signals were …