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.
ANDREW SHOULD AUSTRALIA BE A SUPER STEEL PRODUCER?, page-39
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$25.72 |
Change
0.090 ( 0.55 %) |
||||
| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |