BHP flags big iron ore increase

Wednesday 17 July 2019

Via BHP today:

BHP managed to beat its lowered iron ore guidance on the big ramp up of output. The market could take this either way which is the intention. The volumes are increasing but short term maintenance may support bulls.

Past your nose it’s another nail in the bubble.

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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.