Daily iron ore price update (MOAR iron ore)

Tuesday 30 August 2022

The ferrous complex was weak on August 29, 2022:

I love the smell of a burning iron ore project in the morning:

Chris Ellison’s Mineral Resources has pulled the trigger on a $3 billion iron ore project with the backing of China’s biggest steelmaker, state-owned Baowu, in a sign Beijing is still willing to invest in Australian mining despite tensions with Canberra.

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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.