Iron ore slides away in May

Wednesday 15 May 2024

It happens nearly every year as Chinese Q1 restocking ends:

And southern rains disrupt construction starts:

And this about to begin too: Mineral Resources has readied up two brand new vessels that can be loaded with 20,000 tonnes of iron ore without needing to visit a deep water port, in preparation for the start of its next big mine at Onslow

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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.