Daily iron ore price update (more ore)

Thursday 18 March 2021

Iron ore prices fell on March 17, 2021 though the market was generally stable:

I remain of the view that the peak is effectively in. We will see firm pricing until May then drop sharply ina series of steps through the year.

The newsflow is all about more supply. Vale is on track again:

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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.