Iron ore miners sink towards lows

Tuesday, 10 March 2015

It’s more pain for last month’s star sector, the iron ore miners. BHP is down 0.5%, RIO 1% and FMG 3% as there is no sign of any rebound in the iron ore price. Here is the latest index:

As iron ore has outpaced the downside, the idiocy spreads are still struggling to turn (except for FMG):

A range of juniors are even deaderer today with AGO at it’s lowest ever and BCI looking to emulate shortly:

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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.