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The ferrous complex was stable on August 24, 2022:
Yesterday, my bearish thesis got some high-level support from Mac Bank:
Ah, iron ore. Australia’s best gift to the Chinese real estate sector (and to our national accounts for that matter). But as the Chinese economy slows and the property headlines continue to dominate the press, one broker is trying to get ahead of the curve.
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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.
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