Pilbara killer sows panic among among miners

Friday 24 October 2025

China HRC prices keep falling, indicating hot metal output is too high and must be cut to restore steel mill margins. Iron ore is on borrowed time while this dynamic persists.

The Pilbara killer cometh.

The Simandou project, the world’s largest source of untapped open-pit iron ore of the highest iron content located in Guinea, West Africa, has successfully dispatched its first shipment of iron ore from the mine site on October 20, according to the latest official WeChat post by Winning International Group, a crucial developer and key shareholder of the project.

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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.