Daily iron ore price update ($150?)

Wednesday 2 December 2020

Iron ore prices for December 1, 2020:

How high are we going here? Supply should be flowing from Brazil yet here we are rising again to new highs.

Chinese steel and iron ore inventories have stopped rising as well so we are pushing out the timetable for the end of the restock.

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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.