Iron ore price floor returns!

David Llewellyn-Smith

Wednesday 23 November 2016

Does anyone recall the $120 price floor. It’s half but it’s back!

$60 is actually the long term average real price for iron ore so it’s a reasonable proposition eventually:

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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.