What impact could todays nuclear submarine announcement have on Australia / China relations and consequential trade decision making?
China can quickly stop importing Penfolds without serious impact as there are many other supplier of a discretionary product but iron ore is needed short to medium term... my question is whether they will pivot to Brazil and other suppliers over the next few years to punish Australia, with obvious impact to DRR royalties.
Thoughts? Can Australian supply be replaced and if so in what time frame? Or is the need for our minerals greater than the political desire to punish us?
News: DRR Deterra Royalties Posts FY NPAT Of A$94.3 Mln, page-16
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