Daily iron ore price update (Cape Lambert)

Iron ore prices for March 24, 2019:

Spot up on the Pilbara cyclone. Everything else at peace. Here’s the latest image:

RIO’s Cape Lambert facilities are very close to the red zone. That’s 200mt of capacity at risk. The best case is going to lose a week’s worth of shipments  which will not help Q1 GDP.

Hope everybody is OK.

Comments are hidden for Membership Subscribers only.