One of the dispelled canards pertains to the distinction between the US market and the seaborne market for iron ore, as mentioned in #msg-107504583.
I could write a lengthy post covering the other dispelled canards, but you may as well just listen to the CC—at least to the prepared remarks. It’s well worth the time, IMO, even if you’re not invested.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”