Iron ore gaps into madness

Wednesday 23 July 2025

The ferrous rocket flamed out yesterday.

Miners are gapping into madness as the Pilbara killer cometh.

At these prices, which will trigger a gusher of supply from India, iron ore needs more demand fuel from the Politburo. Colour me skeptical. Goldman.

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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.