By Stuart Burns
An article in the Australian Financial Review ((AFR)) underlines the bullish narrative accompanying the iron ore price's performance this year.
"Chinese steel consumption has just blown consensus out of the water this year," the report notes, citing analyst comments, adding, "The macro backdrop, in terms of China, is very strong for all commodity consumption, and steel and iron ore is doing particularly well."
Rising money supply
The post points to rising money supply, which moved up 10.4% year over year in August, as a market-leading indicator of further strength in