Nice one China ......
China is on a mission to break its dependence on Australia at all costs,
but the superpower is leaving a trail of destruction in its wake.
July 4, 2022
China is on a mission to break its dependence on Australia at all costs, but a new report has revealed the superpower is leaving a trail of destruction in its wake. One of the key ingredients it needs to fuel its ambitious growth plans to become the world’s most powerful and influential nation is iron ore, which is one of the main raw materials to make steel.
The Simandou mine has the largest untapped high grade iron ore resources in the world. Picture: Rio Tinto
China is also the biggest consumer of iron ore — consuming a massive 61 per cent of the world’s exports — which it uses to make things like refrigerators and construction products. Amid trade tensions and China’s plans to diversify its supply away from Australia, Beijing is determined to wean itself off our natural resources - but it has not been easy.LINK
