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GLJ Research with the note.
Has the Greatest Iron Ore (“IO”) Commodity Consumption Bubble in History Burst, Suggesting Underappreciated Risk to IO Prices in 2H23/2024?
In the analysis put fourth within this report, we look to answer the question posed above, using the recent “data dump” out of China, as well as import/export data, China property data, China steel production/output data, China steel demand stats, China industrial production stats, China fixed asset investment stats, China excavator output, and a number of other leading-indicators in our attempt to paint a picture that foretells what to expect for iron ore prices through the rest of 2023E and into 2024E.
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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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