Iron ore to the moon!

Tuesday 10 December 2024

I have been hoping that iron ore will get irrational and we are fast getting there as the stimmies metal flies.

The stimmies will very likely disappoint but as we saw a few months ago that doesn’t bother iron ore, the world’s most speculative commodity.

In the meantime, the tariff frontrunning boom continues to unseasonably elevate Chinese steel production.

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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.