Short to medium term looks to be the case.
Although from same article
"Our biggest export could become a geopolitical weapon
China desperately needs our iron ore and cannot secure adequate supplies elsewhere. Our exports to the Middle Kingdom far exceed Brazil's total output, while plans to expand mines in west Africa, to replace Australia, are years off.
While that potentially delivers us power, it also makes us vulnerable to rising global tensions, particularly if Beijing continues with its military expansion in the South China Sea and its long-stated ambition to bring Taiwan back under its wing."
Risks to Australia > Geo political events interrupting supply lines and trade relationships.
> China is developing alternative supply sources to minimize future dependence
(L Term) and minimize future interruptions to their own growth.
This is part of their current focus of developing a"dual circulation economy" that isn't
totally export dependent for growth or single source suppliers e.g. iron.
> China positioning itself to be price maker in different markets given purchasing
power. Last week new Chinese copper futures rolled out with greater implications
over time.
How may this relate to VMS:
> Window of opportunity for VMS to maximize trade relationship maybe variable over
time. Impacted by demand pressures & development of alternative supply sources by
China.
> VMS ability to bring projects on line will need to take above into account and look to a
diversification of customers to reduce risk/minimize customer dependence.
Although our prospects look very promising at the moment, potential risks will need to managed over time. IMO but constantly changing with developing situation.
GLTA
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