`After cutting back on steel production to meet climate change targets, the Communist power is now embarking on large-scale transport infrastructure projects.This has seen prices for iron ore, the commodity used to make steel, recover to reach a three-month high of $US128 a metric tonne as of Tuesday.While that is below well the all-time high of $US222 a tonne reached in July last year, the signs are good for Australia with China kickstarting 3 trillion yuan ($A655billion) worth of infrastructure projects in the first three weeks of 2022.`
Giddy up for increasing IO prices!..Ka- Ching coming $$$
`After cutting back on steel production to meet climate change...
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