Why Australia wants to build its own 'Belt and Road' scheme with Japan and the US to rival China's investment
By political reporter Stephen Dziedzic
ABC News
3 hours ago
Check it out. Great story....
In opinion:
Nice story. To me this opportunity means:
Increased demand for Aussie Ore.
Increased price of ore globally and profit galore for Aussie miners.
Infrastructure growth.
Jobs growth.
Economic growth.
Economic alternative to China's belt initiative.
Competition so Chinas influence on being a price maker loses some of its muscle.
If Japan, US and Australia combine this means local industry (Such as Atlas) could be prioritized and it's workforce certainly required, more of a reason for Roy Hill, FMG and Atlas to work together as a huge JV. Win win for local Aussie, US and Japanese IO and Steel Industry.
Global IO demand to rise as new supply takes years to ramp up.
Loving it. Great for AGO strategic LT holders.
AGO Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
