SRK strike resources limited

China’s plan to wean itself off Australian iron ore

  1. 641 Posts.
    lightbulb Created with Sketch. 20
    AFR's Article "China’s plan to wean itself off Australian iron ore"

    Key goal is diversifying from Australia's Iron ore :
    - not feasible in the short/middle-term. Australia still enjoys good prices of iron ore for at least a year or more. Therefore, good for SRK.
    - Any Chinese government interference in the market : harmful to China first, as this delays Chinese steel production
    - "The ministry envisages a China Inc-style approach to build alternative suppliers, with steel makers, resources companies, banks and transport companies all encouraged to form consortia to explore projects abroad." So, speculation : they will look at SRK's Apurimac sometime in the near future.
    DYOR

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.1¢
Change
-0.004(11.4%)
Mkt cap ! $8.796M
Open High Low Value Volume
3.1¢ 3.1¢ 3.1¢ $6.533K 210.7K

Buyers (Bids)

No. Vol. Price($)
1 24613 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 256480 2
View Market Depth
Last trade - 10.59am 07/08/2025 (20 minute delay) ?
SRK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.