Good way to ensure the price of Iron Ore continues to slide ?
I am sure they will figure a way out of it, but in the meantime it could affect prices of iron ore - just sayin'
https://www.news.com.au/finance/eco...a/news-story/cd5dbe4228687fd2edcf01eee1bf0a0d
Iron ore price: China’s Evergrande Group is on the brink of default and it’s bad news for Australia
One of the biggest property developers in China is at risk of defaulting on billions of dollars of loans – and it’s bad news for Australia.
It’s something Australia should be concerned about. Should Evergrande collapse, the reduction in construction would significantly reduce demand for iron ore. That in turn could push the price for iron ore lower.
Iron ore price, page-36617
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