Iron ore price, page-37489

Mate we are not at War with China. That's your narrative and that of the CCP.

We make lots of money off the iron ore we sell at $70 a tonne or at $230 a tonne.

Guess who is unviable at $70 a tonne? The Chinese IO own iron ore miners that's who.

So the CCP decide to prevent their own steel makers to make steel, and in doing so they push down the price of iron ore.
Now they hurt their own iron ore industry and steel makers and cut new supply from being developed thus entrenching the dominance of the bulk producers like FMG.

Let's see what happens to FMG and IO after Evergrande is bailed out and the Winter Olympics are over. The Evergrande situation will require massive stimulus. Horray! The GFC delivered record IO prices last time round as well.

Personally I love the fact we are making nuclear subs here in
Aust. We can afford to arm ourselves with the best tech you can buy and we will. The Subs are going to be made from Aust made steel and using Australian American and British tech. They are going to kick arse. And we will have long range misssle capabilities as well.

We won't be bullied by the Chinese but we are happy to trade.

Keep your War mongering rubbish to your self.