Daily iron ore price update (crashola)

Monday, 5 August 2019

Texture from Reuters:

Worries about demand for steel products also weighed on iron ore, after U.S. President Donald Trump vowed to slap an additional 10% tariff on $300 billion of Chinese imports from Sept. 1.

…Brazil’s iron ore exports rose 16.6% in July from the previous month to 34.3 million tonnes, the highest in nine months, as Vale resumed production at its largest mine, official data showed on Thursday.

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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.