Iron-Ore Prices Just Hit A 5-Year High; This Hedge Fund Sees “A Bubble Ready To Burst” As China’s Housing Bubble Cracks

Michelle deBoer-Jones

Published onMay 21, 2019

For the first time in five years, iron-ore prices surpassed $100 a ton on Friday, and Carlson Capital Portfolio Manager Richard Maraviglia believes it's a "bubble ready to burst." Friday's high was largely driven by expectations for increased steel production in China and concerns that there will be another dam collapse in Brazil at a Vale mine, according to MarketWatch.

Q1 hedge fund letters, conference, scoops etc

Iron-ore prices surpass $100

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Michelle deBoer-Jones

Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.

Iron-Ore Prices Just Hit A 5-Year High; This Hedge Fund Sees “A Bubble Ready To Burst” As China’s Housing Bubble Cracks

Iron-ore prices surpass $100

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