When will iron ore get scrapped?

Monday 13 November 2023

At this stage of the iron ore cycle, it pays to sit back and admire the insanity:

Goldman can chalk up another commodities disaster.

“Rather than facing a surplus for this year, the iron ore market is now set for a clear deficit,” Goldman said in a recent report.

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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.