China Iron OreTrade - Is it Necessary?

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    China determined to build iron ore hub in Africa as Australia goes Quad.

    As Australia deepens its connection to the Quad grouping with the U.S., Japan and India, forming a de facto anti-China tag team in the Indo-Pacific, Beijing has found it increasingly uncomfortable to depend so much on Canberra for iron ore -- the basic material behind its own military buildup.

    But that dependence may very well change by 2025, says Peter O'Connor, senior analyst of metals and mining at Australian investment firm Shaw and Partners.
    The top focus for China's diversification push is Guinea, an impoverished but mineral rich country in West Africa, O'Connor said. A 110 km range of hills called Simandou is said to hold the world's largest reserve of untapped high-quality iron ore.
    It is very likely that China will also be interested in the Gold reserves in Guinea and one high potential gold explorer comes to mind - ASX listed PDI... Predictive Discovery Limited
    The China Belt and Road Initiative will certainly enable Countries like Guinea to develop the necessary infrastructure.

 
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