Daily iron ore price update (2022 growth targets)

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The ferrous complex was mixed on March 4, 2022:

Weekend news on the Chinese growth target was pretty much as expected but will probably be seen as bullish. Goldman with the note:

The 2022 National People’s Congress started today. PM Li Keqiang delivered the Government Work Report (GWR) which outlined key economic targets for this 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.