Commodities Featured Article Iron ore price

Big iron smoked as reality bites

Wednesday 20 May 2015

Big iron is getting smoked today as the declining fortunes of iron ore return. BHP and RIO are both down almost 3% and FMG is down 6%:

The idiocy spreads are now screaming in:

Juniors are curiously stable:

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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.