Proof China is taking a more agressive stance on the world market.
1. China ceiling - could back fire re:breaking WTO rules or
business ethics - news reports said new ceiling is even below BHP contracted price with China
or
China is just "negotiating" hard ball for current ore price negotiations ... maybe their ceiling price is acceptable for BHP/RIO for next 12 mths!- this is my choice of the real agenda!
2. China JV t/o for ore/gas companies in Oz etc
eg Recent push on FMG etc etc ... I await much more of this .... bauxite supply now solved with Qld development etc.
Better watch your favourite company ... may soon have a "majority holder in China" tag!!!!! heheheh!
china to stop ships oz iron ore/ prices, page-21
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