Daily iron ore price update (waiting for the star to fall)

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The ferrous complex was weak on December 2, 2021 as everything fell:

Brazil released its November export figures at 29.1mt, up solidly on last year

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YTD is a good gain. Expect roughly the same next 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.