China is a high growth junkie with massive infrastructure plans. And Australia is the closest reliable source of high grade ore. Just very lucky. Imagine if we had to build those vast Chinamax ships that are hellish to manoeuvre, just because, like Brazil, we were a 5 weeks voyage from our main market and needed to gain a size advantage. Imagine if we had a massive run away virus surge in the Pilbera area, as Brazil has in both the Northern and Southern systems.
No, Australia has cruised through this on a resource front, and China is in a real hurry to expand growth.It's a great mix.Lucky, very lucky.
Iron ore price, page-22995
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