Daily iron ore price update (Brazill again)

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Iron ore prices for May 12, 2020:

Chinese credit gave us a bounce yesterday but I am much more concerned about Brazill, via Domain:

Faced with overwhelmed hospitals and surging coronavirus deaths, Brazilian state and city governments are lurching forward with mandatory lockdowns against the will of President Jair Bolsonaro, who says job losses are more damaging than COVID-19.

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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.