In which case we'd have bigger things to worry about.
Even then I expect there'd be a redirection of trade rather than a massive fall in the ore price. China would import all they could get Vale/Brazil but Iron Ore still has to come from somewhere.
I dare say even under Chinese embargoes BHP would find a way to make money. Cutting off Australian Ore wouldn't exactly help the Chinese either.
The good thing about uncertainty is it creates opportunities (as long as one manages their risk).
BHP - Charting, page-8
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$44.58 |
Change
-0.790(1.74%) |
Mkt cap ! $226.1B | |||
| Open | High | Low | Value | Volume |
| $44.51 | $44.65 | $43.97 | $414.4M | 9.353M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12 | $44.56 |
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| Price($) | Vol. | No. |
|---|---|---|
| $44.58 | 8261 | 1 |
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| BHP (ASX) Chart |