Fat Prophets > Australasian Equities > Special Report – Iron ore

Special Report – Iron ore

October 27, 2020 FAT-AUS-981

A fist full of dollars

Since our March look at the iron ore market, the price has marched onward and is now trading around US$111 a tonne and up from the US$90 a tonne at the time of our last review. Over the past 12-months, iron ore has endured a US/China trade war and the ravages of COVID-19, with its beginnings in China, on the global economy and populace. We wrote at the time that “the iron ore price appears to be in a world of its own,” and this is especially so as China was a key participant in both, in many ways, damaging events. Our view has not changed since March, but certainly recent events and data reads have become tailwinds for the iron price. The following chart shows the 12-months iron ore price:

Source: Trading Economics

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