Yes, you're right, the fact remains.... Australia exports 900mtpa, 81% of that to China.
Yes, China wants to get rid of their reliance on us, Simandou will be pumping out a whole 110mtpa by 2026, a whole 6% of global totals..... wow
It will take China 20 years to find a way to replace Australia's iron ore, and it would be very expensive. So either they screw over their own economy, or they keep buying our iron / steel.
Dont forget Brazil hates China as much as China hates us.
ANDREW SHOULD AUSTRALIA BE A SUPER STEEL PRODUCER?, page-39
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.26 |
Change
0.000(0.00%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $21.70 | $21.02 | $956K | 36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3516 | $22.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.14 | 342 | 1 |
View Market Depth
| Last trade - 09.42am 25/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
Day chart unavailable