You can’t keep a good Pavlovian dog down.
Iron ore is close to the limit it can reach in its jaws with steel.
The steel price can’t climb because it is only being held aloft by exports, which will die if it rises in price.
Iron ore blasts off into the void
David Llewellyn-Smith
Wednesday 4 December 2024
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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.
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