Cyclone Nothingburger passes Pilbara by

Monday 17 February 2025

So much for the Cat5 monster. Cyclone Nothingburger passed the Pilbara by without leaving any damage.

RIO has already re-committed to existing output guidance which means that a weak Q1 will be followed by booming Q2 and Q3.

Prices fell over the weekend and have some catching down to steel to do.

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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.