Daily iron ore price update (the fear)

Thursday, 11 March 2021

Iron ore prices lifted yesterday as the clubbing of the day before faded. Spot was up. Paper too. Steel has not updated:

Ferrous complex lifts

But, the damage is done and fear is abroad. Global Times:

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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.