Daily iron ore price update (to the mooooon!)

Friday 3 June 2022

The ferrous complex launched on June 2, 2022 along with everything else:

The days of iron ore operating as a discrete market free of fiancialised influences are over. It is now pure correlation.

Despite still awful fundamentals:

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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.