Iron ore supply ramps into demand crash

Thursday, 20 July 2023

Chinese rebar and iron ore continue to trade on seasonal strength:

I have spent a lot of time on the mounting problem for Chinese demand. Today let’s look at the other side of the coin, mounting supply!

RIO reported Q2 production yesterday and hinted at what is to come:

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.