I believe the blue-chip iron ore companies like AGO, ARI and FMG will move up again very soon as it seems that IO price has reach its rock bottom.
Countries having IO mining resources will step in directly or indirectly to lift up the price or otherwise they could face with unemployment, collapse of big giant mining companies, and most important less tax revenues to obtain from these companies to get their economy going.
Last Friday we witnessed iron ore rises for the first time in two weeks. Attached an article from Bloomberg:
