Daily iron ore price update (more Vale gifts)

David Llewellyn-Smith

Tuesday, 19 March 2019

Iron ore prices for March 18, 2019:

Spot up. Paper up more. Steel down. Reuters has the rub:

The Brazilian miner said on Saturday that it would cut production at an iron ore mine in the state of Minas Gerais with annual capacity of 12.8 million tonnes and will also suspend operations at its Doutor dam.

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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.