How Will Rio Tinto (ASX:RIO) CEO Jakob Stausholm Handle China-Xi Jinping's Iron Ore Buyer Monopoly Cartel? RIO's CEO Jakob Stausholm Has Just Been Delivered "The Devil's Card"! 2023 RIO Will Be A "Price Taker", Xi's China A "Price Maker." Same For BHP, FMG, Hancock Prospecting-Roy Hill.
Xi's China Monopoly Buyer Cartel-largest, most powerful in history- will aim for 25% Price Cut in 2023-beyond. What will this mean for companies' plus Gov't's' revenues, profits, share prices, wealth?
Already pundits are saying-nay betting-China's President-for Life Xi Jinping cannot deliver, coralle China's thousands of buyers-mills, is doomed to fail.
IMO, after 50 years China experiences & insights Xi is a lay down misere.https://lnkd.in/eP2MaG_J
Australian iron ore producers-exporters plus Federal-State Gov't's will rue the day they ignored "China Warnings" for so long!
RIO Price at posting:
$107.01 Sentiment: None Disclosure: Not Held
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