just some news analysis I would like to share from Financial times
https://www.ft.com/content/b764e4c9-cc38-43b6-848c-dba0cbc6475a
Iron ore, by far Australia’s most valuable export to China, worth DYORore than A$100bn a year, has been unaffected by the turmoil, owing to Beijing’s inability to source the vital steelmaking ingredient elsewhere. But analysts warn that China’s plans to build greenfield iron ore mines in west Africa could reduce its reliance on Australia.“This year or next year China has few alternative sources of supply of iron ore but if we look forward a decade or two decades then Beijing has plenty of options,” said Mr White.
DYOR
just some news analysis I would like to share from Financial...
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