China gets 60% of it's IO from Australia. Vale in Brazil has a small problem with covid19 swamping it's workforce. I understand that production cuts are inevitable.
There is one thing for certain; China will not hurt itself to spite us. It will only reduce buying IO tonnage from Australia if it can source it from anywhere else at the same price or better.
Let the Ambassador in Canberra play his kindergarten stunts, let the childish nose thumbing be taken for what it is. China is displaying exactly the opposite of it's intentions.
The world is watching. The CCP is showing how rude, domineering and untrustworthy it really is. Let's look to other buyers for our products and source our imports elsewhere.
