Commodities Featured Article Iron ore price

Iron ore in Australian dollars

David Llewellyn-Smith

Monday, 8 July 2013

Some readers have been asking for the below chart, iron ore in AUD since its peak in 2011:

A nice little bounce there, not that it’s helping the big miners:

Both Rio and FMG are trading at heavy discounts to their 2011 prices when iron ore was effectively the same price and volumes are much higher now than they were then.

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.