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...
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Last
$26.32 |
Change
0.660(2.57%) |
Mkt cap ! $81.03B | |||
| Open | High | Low | Value | Volume |
| $25.92 | $26.32 | $25.83 | $102.7M | 3.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 5850 | $26.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $26.32 | 12010 | 3 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$26.19 |
Change
0.660 ( 1.76 %) |
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| Open | High | Low | Volume | ||
| $25.92 | $26.29 | $25.84 | 1287651 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| FMG (ASX) Chart |