The world is falling apart, but the jaws are back. According to scuttlebutt, the proximate causes are: China’s state-run iron ore buyer told several traders this week to buy fewer seaborne cargoes of BHP’s flagship products, including Mac fines and Newman fines, people with knowledge of the matter told Reuters, as a months-long contract dispute
The post Iron ore roars as fundamentals collapse appeared first on MacroBusiness.