Daily iron ore price update (Cape Lambert)

David Llewellyn-Smith

Monday 25 March 2019

Iron ore prices for March 24, 2019:

Spot up on the Pilbara cyclone. Everything else at peace. Here’s the latest image:

RIO’s Cape Lambert facilities are very close to the red zone. That’s 200mt of capacity at risk. The best case is going to lose a week’s worth of shipments which will not help Q1 GDP.

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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.