OIL Price, page-10

Here's my hat-trick for the day!

Now that China has established Nickel mining at scale in China, the impact on Aussie Nickel Miners is already started to show! How many millions income has Aussie Govt's now & in the future foregoing?

The next potential hit is Iron Ore:

1. China seeking alternate future supply (worth a read) - lots of Phosphate expensive to address!
https://asia.nikkei.com/Business/Markets/Commodities/China-determined-to-build-iron-ore-hub-in-Africa-as-Australia-goes-Quad

2. In Aust. Rio-Tinto expanding Iron Ore

3. Mineral Resources developing Iron Ore

So, both Rio & Min.Resources profess to be very efficient - will their volumes start to hit their margins - will China's seeking alternatives also compromise margins further? Time will tell???

So, I expect now is the time to focuss on Australian Fossil Fuel extraction as one of the more viable funding replacements for products that China may redirect their sources in time!?

So many State Govt's running deficits - surely some prudent opening up of Fossil Fuel extraction across Australia under best practice ESG implementation is front & centre to helping feed Govt. funds as perhaps other income subsides?

Much of this is speculation on my part, only time will tell how relevant Fossil Fuel extraction is OR is not relevant in Australia's Future!?