Daily iron ore price update (ghost train)

Tuesday, 6 November 2018

Iron ore prices for November 5, 2018:

Spot jumped. Paper too. Because this:

A train loaded with iron ore and operated by BHP ran away without a driver for 57 miles (92km) before being forcibly derailed, the company and Australian authorities have said.

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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.