Iron ore rallies on fading memory of the good times

David Llewellyn-Smith

Saturday 10 June 2023

The iron ore rally continued Friday although Dalian flamed out in the evening:

Underlying data is not supportive. Property sales are back to terrible, cars are OK:

Infrastructure funding is down sharply year on year:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.