Daily iron ore price update (Ukraine)

David Llewellyn-Smith

Friday 25 February 2022

The ferrous complex was moderately shocked by Ukraine on February 24, 2022:

Ukraine exported 47mt of iron ore in 2020 so it presents a moderate downwards supply risk to global supply.

That said, most of the activity is in central Ukraine, away from the most contested areas in a martial sense.

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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.