Daily iron ore price update (BHP bears)

Friday, 28 August 2020

Iron ore prices for August 27, 2020:

Everything down a bit. Via Bloomie:

The head of the world’s largest mining company anticipates a fall in iron ore as more supply reaches the global maritime market, adding to forecasts of a fall of a maximum of several years. Futures sank in Singapore.

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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.