The Chinese will be playing with fire if they let this situation fester too long and don't come to the table and negotiate/agree a fair price for all concerned.
The Australian Government has the single biggest ace up its sleeve in these developments, and that in a word is - Uranium.
The word is that next month the Australian government is due to confirm that Australia will now sell Uranium to China.
This new agreement will obviously be reviewed with serious implications for the Chinese, should they attempt to cause disruption and detriment to our Iron-Ore Miners/Industry.
Also foreign ownership in the future will not be viewed as in the same light as previous to current relaxed status.
wrxsti
china to stop ships oz iron ore/ prices, page-22
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