Iron ore price, page-21403

Chanticleer


Why China's too smart to hurt Aussie iron ore
China would send the price of iron ore rocketing and damage its economy by banning Australian iron ore imports. But coal might be a different story.

May 14, 2020 – 3.50pm
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There are two good reasons why China is highly unlikely to risk damaging its own economy by restricting iron ore imports from Australia in any way.

But Australia’s mining community does have concerns that heightened trade tensions between the two nations could result in the Chinese once again putting the brakes on Australian imports of coal.


China could damage its own economic recovery by restricting Australian iron ore imports. David Rowe

There is good reason why investors in Australia’s three iron ore giants – BHP, Rio Tinto and Fortescue – have so far largely shrugged off rhetoric from Chinese experts and state-owned media suggesting that Australian iron ore might not be immune to some sort of import restrictions, in retaliation for Australia’s push for a formal investigation into China’s handling of its COVID-19 outbreak.

That’s because the claim that China could simply switch to alternative suppliers such as Brazil just doesn’t ring true.

Brazilian giant Vale is struggling to regain its title as the world’s biggest iron ore exporter, having been beset with a series of problems.