Australian budget Australian Economy Commodities Iron ore price

Trade war/no trade war = iron ore up?

Tuesday, 4 December 2018

Doesn’t make a whole lot of sense does it?

Over the past six months as China has slowed, iron ore has boomed. Every time the trade war intensified, it was bid up on hopes of more Chinese stimulus.

Yet yesterday, as the trade war cooled off, iron ore boomed again. What is it, a magic pudding or something?

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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.