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Pilbara strikes, CMRG shanangins, and a little bounce in steel are giving the ferrous complex a meek relief rally.
The newsflow remains grim as roaches crawl across the market.
A Reuters article says creditor pressure on Radiant World has increased sharply, with Singapore filings showing 21 creditors now have registered claims over the iron-ore trader’s assets — more than double the number before 2025.
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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.
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