Iron ore enters the danger zone

David Llewellyn-Smith

Tuesday 6 May 2025

The ferrous complex is still struggling. Forgive some of the delayed pricing on the chart. SGX is sitting around $96.

The latest CISA output data looks more like 2022 than 2024.

Though I have to caution that this series has broken down versus official output somewhat this year.

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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.