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...
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$26.04 |
Change
0.230(0.89%) |
Mkt cap ! $80.66B | |||
| Open | High | Low | Value | Volume |
| $26.07 | $26.44 | $25.98 | $29.58M | 1.128M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | $26.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.05 | 1396 | 11 |
View Market Depth
| Last trade - 11.08am 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$25.98 |
Change
0.230 ( 0.48 %) |
||||
| Open | High | Low | Volume | ||
| $26.06 | $26.43 | $25.94 | 204285 | ||
| Last updated 11.28am 15/05/2024 ? | |||||
| FMG (ASX) Chart |