Daily iron ore price update (bubble time)

Friday, 14 June 2019

Spot took off. Dalian paper went even more nuts overnight. Singapore is more sober. Steel is not following which is a tell that this will not last long. Iron ore prices for June 13, 2019:

So, how long? Ask Vale, via BNAmericas:

Brazilian mining giant Vale expects part of its iron ore production halted by court orders following the Minas Gerais dam collapse to gradually return to the market during the year, according to the company’s top executives.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.