Daily iron ore price update (Minas Rio)

Monday, 24 December 2018

Iron ore prices for December 21, 2018:

Spot firmed. Paper fell. Steel bounced on some supply side shutdowns. Coking coal is still bulletproof. In news, Minas Rio is back:

Anglo American (AAL.L) said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure, and had received regulatory to step up production and cut costs.

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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.