‘Nothing happens in China by chance, which extends to its access to raw materials… That’s why you should be observingiron ore importscarefully.
‘Strong numbers (in the face offalling steel production) will add weight to the theory that China is perhaps cutting steel production in a bid to drive down iron ore prices.’
So, what’s the latest import data telling us?
Official customs data for August won’t be released until next week…given the pressure in the iron ore market, this will be one of the m...

So inflation went up from 3.6% to 3.8%, is above the target of 2-3% and there is pressure for multiple cuts? The only pressure is from the media who need something to write about. Low rates are gone and higher rates are here to stay for a while. And they aren't that high. If anything i'd wonder whether they're considering if they need one more rise.

It’s not a pretty picture for the outlook for the iron ore price. If you’re a sandgroper like me, you’re probably thinking about putting your house up for sale and moving East! (No, it could never be that bad!😁)
It might not be so bad for the two major Aussie iron ore producers, though, suggest UBS. BHP’s dividend is likely to be lower than it was in 2023, but it’s still going to pay out a whopping US$3.5 billion in dividends – and that's just for the current June half...