Advertisement
Led by the AFR:
Investors and miners are increasingly confident that iron ore prices will not fall to the dire levels predicted earlier this year, despite prices slipping by more than 9 per cent over the past three weeks.
…One of Australia’s biggest institutional investors in mining and energy, Todd Warren, said the market had been surprised by both the increase in Chinese demand this year, and the lack of urgency shown by miners towards getting new supply into the market.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement