Iron ore booms as China busts

Monday, 16 January 2023

Last week ended with calm in the iron ore market:

Under the surface, iron ore demand is crashing as COVID runs amok. Chinese property is showing no signs of turnaround though developer junk is still on a tear:

Infrastructure is still pumping but the net result is still negative demand:

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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.