Iron ore short squeeze roars higher

Tuesday 22 July 2025

The ferrous complex continues to squeeze with seasonality. Previous squeezes in the past year suggest a price cap around $110.

Right where Indian exports will surge.

Is there anything to it? Not really. So far, we have had excuses such as

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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.