Iron ore markets return

David Llewellyn-Smith

Friday, 8 October 2021

Some data to catch up on. The Baltic Dry is going bananas on the energy panic in coal:

With iron ore falling, this is not helping mining margins as shipping and deisel go through the roof.

Brazilian iron ore supply had a softer month in September at 33.7mt though that was down to fewer days than last year:

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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.