Australia's largest stock trading and investment forum Australia's #1 stock forum

Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-6485

First 6485 Last

Share
Profile

Follow
birdman29

31,215 Posts.

501

05/07/22

14:00

Post #: 62379228
Share

Originally posted by birdman29: ↑

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, 2022China 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

Expand

Re, Beijing is determined to wean itself off our natural resources - but it has not been easy.

I am sure ... The AU Greens will be very happy if that happens. ...
5 Upvote

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Thursday's HotCopper trends: Mystery Trigg halt, Neurizon FDA feedback | July 10

ASX Market Close: BHP shares rise with iron ore – but so does CBA

TMG

Investors cautious as Trigg Minerals issues unusual trading halt

First 6485 Last