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Iron ore prices for February 3, 2017:
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Benchmark spot fell -1.25 to $80.95. Paper was smashed. Coking coal hit $167.80 and it’s correction is well on track for lower, via Mining.com:
Earlier this week International Coal ventures (ICVL), a consortium of five state-run coal mining operations, announced plans to restart operations at the Benga mine in Mozambique according to a report in the Financial Express.
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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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