Perfect storm threatens Pilbara iron ore

Via the BOM comes a possible short terms spike in the iron ore price as two cyclones threaten to combine into a perfect storm:

  • Two tropical cyclones are interacting to potentially create a superstorm.
  • At this stage neither is forecast to make landfall in the Pilbara but heavy weather is forecast.

Here’s the forecast path:

TC Seroja not predicted to make landfall

TC Seroja not predicted to make landfall

And the formation threatening the perfect storm:

But best not to go boating

But best not to go boating

It’s quite late in the season but it will impact prices if it shifts towards the coast.

David Llewellyn-Smith
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