Iron ore struggles to the cliff

David Llewellyn-Smith

Tuesday 1 July 2025

DXY is falling, while Chinese PMIs are improving, but iron ore is moribund.

Steel demand and production are both falling at the expected 2-3% rate.

Canberra has finally discovered the Pilbara killer, via the Office of the Chief Economist:

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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.