Daily iron ore price update (to the moon)

David Llewellyn-Smith

Tuesday, 10 December 2019

Iron ore price charts for December 9, 2019:

Everything went off to the races after a good US jobs report. It’s not clear why. There are tarrifs in place.

In truth, this is still pretty typical seasonal action as mills restock, aided at the margin by the Vale Brucutu news. It’ss flame out when ready.

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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.