Iron ore equities still dreamin’ (members)

Wednesday, 13 August 2014

An update today on the iron ore price and iron ore equities nexus. Here is the major miner’s relative performance chart:

RIO especially has been powering, up 20% or so since its May low, though still unable to breach a new high for 2014. BHP likewise (remember that this is an index chart). The market jury is still out on FMG though the last time it was at this price iron ore was a lot higher.

The juniors have also seen a good rally:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.