Yes, you're right, the fact remains.... Australia exports 900mtpa, 81% of that to China.
Yes, China wants to get rid of their reliance on us, Simandou will be pumping out a whole 110mtpa by 2026, a whole 6% of global totals..... wow
It will take China 20 years to find a way to replace Australia's iron ore, and it would be very expensive. So either they screw over their own economy, or they keep buying our iron / steel.
Dont forget Brazil hates China as much as China hates us.
Yes, you're right, the fact remains.... Australia exports...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.48 |
Change
-0.190(0.88%) |
Mkt cap ! $66.30B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.37 | $33.77M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1556 | $21.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.49 | 965 | 14 |
View Market Depth
| Last trade - 11.26am 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |