Big dirt is in big trouble

Monday, 14 September 2015

According to the AFR, iron ore is defying the doomsayers:

UBS mining analyst Glyn Lawcock says the latest trading band is at odds with most market commentators, who were been tipping a fall back below $US50 a tonne.

…”Rio is now starting to show some supply discipline with shipments from the Pilbara guided to fall in 2016 to 335mt from the current run rate of 350mt,” Lawcock says.

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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.