Daily iron ore price update (belt-up)

Friday 11 December 2020

Iron ore prices for 10 December 2020:

The news flow is relentlessly bullish. La Nina fears are realised, at Reuters:

Pilbara Ports Authority said on Thursday it has started to clear large vessels out of Port Hedland, the world’s biggest iron ore export hub, as it issued a cyclone warning.

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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.