The iron ore rally has stalled:
Early days to be sure but so far the Chinese reopening is no good for construction. Property sales were down materially year on in week one of 2023:
It remains largely a lower-tier city phenomenon:
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Iron ore fades as Chinese property fails to launch
David Llewellyn-Smith
Tuesday, 10 January 2023
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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.
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