Beijing Has No Alternative however to Purchase Australia’s Iron Ore | Australia China Commerce Struggle
Regardless of politically motivated commerce sanctions on Australian items, Beijing has been left shopping for Australia’s costly iron ore by the boatload.
Professor of Economics on the College of New South Wales (UNSW), Richard Holden, mentioned that Canberra holds an excessive amount of affect over Beijing, who has nowhere else to show to fulfill its ravenous iron ore demand, even when it needed to.
“We’ve really obtained various leverage with China on this occasion, which is that they want plenty of iron ore,” Holden advised The Epoch Occasions. “They usually don’t purchase iron ore from us as a result of they need to be notably good to Australia.”
“They purchase it as a result of we produce plenty of it, we produce it very effectively and successfully, and we don’t have among the conditions which have led to the iron ore value going up a lot, like when Brazil had so many points with provide.”
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Wonder if we can share this news with
NZPRM Jacinta adern
and then we can share in NZ wonderful export market increase.
it's one thing to pick up the slack it's another to be stabbed in the back
They should cut the CCP off. They make 3 battleships a day!
if-that-is-the-case-then-forcé china to buy other products along-with iron ore
If possible Australia should sell to other markets all together. China is looking to Afghanistan and Pakistan for it's future mining needs. Better to cut off the buyer (China) and get a new buyer before they dump them (Australia).
Steel out bullets back
BAN IMPORT EXPORT TO CHINA,
We all need to Boycott China!!!💩💩💩
Well done aus. Don't sell it to em
China is not worthy of purchasing ore. It'll just use it against you in military hard ware.
China will reduce its dependence on Australian iron ore by increasing the use of scrap iron, a move that also involves environmental protection in order to achieve carbon neutrality. China has been ramping up efforts to reduce trade risks. One conspicuous case is the reduction of Australian coal imports. May 24 2021
China is a tumor on planet earth.
Hahahahahaha , australia ? Hahahahaha any more jokes ? Hahahahaha
Doing a deal with the devil never works out the way ya might think it will…
Like just imagine the British funding the German industrial complex in 1933.
Some things 'dumb' just don't cover…
Give them their marching orders and then get yourself into the shower as quick as your Aussia feet can take you…
(This comment is directed at the CCP and NOT Chinese people in general*)
Baloney! China has been busy takking over Western China, the mother lode of rare, needed and expensive minerals. The fires in Western Australia was done by China. Australia….wake up! China is also slithering into eastern areas of Australia. No good reason….imminent takeover
Bye bye animals.
bend them over.
Fuck china dont sell them a dam thing theres other countries that need it they can go back to the stone age via a nuke.
Australia iron ore is still TOO cheap when it comes to selling to Bandits. There should be a special "Anti-Evil" tax when selling to Bandits. Do "One Better" what was done to Australia's wine – humbly suggest : 300% Anti Evil levy be it shipped directly or via 3rd party to prevent "cheating" which is the evil bandits' forte.
You think China would just absorb the cost of iron ore? Look at the price of all the steel products, they all went up like crazy.
Australia should say to bad & not sell it.
Why would Australia even sell them the stuff? Thought Australia would want to keep them making more weapons.
Actually, Australian has no choice but to sell iron ore to China priced in RMB instead of USD.
Beijing is a PARIAH ….. CCP is INCOMPETENT ….. Xi is a collossal IDIOT
Didn’t China threaten to Nuke Australia? My God, you are sending ore to China that you are just going to have to send to the bottom of the sea as the ships you have to sink when they come for you.
its the other way around. AUSTRALIA HAS TO SELL TO CHINA!!!
Australia has made the Chinese pay for the Iron Ore as Brazil is hit by the reduction in ore production and so they are in shame as they will regret thanks. LOL. ROFL.
Yeah narh, Australian commodities are on the world market! For all to buy, we do not discriminate against countries who need to buy our goods, nor do we recommend sailing on Chinese built ships? If the CCP want to pay five times the cost of production, that will leave them with less money to do harm in other countries! Then that's a sacrifice we are prepared to make!
Sell china nothing.
Australians will cry out loud when China find steady replacement in Brazail, Africa and Indonisea. Cry little baby, cry.
China Has No Choice but to Buy Australia’s Iron Ore and Australia Has No Choice but to Buy China’s Steel, so the additional costs will be shift back to Australia.
Yes, great idea. Australia should not trade with China, and borrow LOTS of money off the US to continue its survival.
Australia should use the money from this gain to make a new Green steel industry
Australia belongs to aborigines. The curses whytt one stole all the minerals. Cursed with a curse
China is the disease of the world
Hhhhhhhhhh are you watching news or just being biased