Quote:
Originally Posted by Raptor
Don’t just read the headlines, but that articles doesn’t touch on many of the facts either.
Iron Ore exports to China from Australia were down because COVID shut down a lot of Chinese steel making, so they didn’t need as much Iron Ore or Coking Coal.
Iron Ore exports from Brazil to China were up (month on month) as Brazil has been out of the market following last years Environmental catastrophes and their production has also been hit hard by COVID. They are only now coming back into the export market.
That said, do I think our current Governments posturing with our largest trading partner is wise. Hell no.
Just shut the **** up ScoMo  |
Ore export to China in July hit an all time high I think. They are opening up in a big way, and environmentalists aren't happy because they are breaching the emission limits.
4 vlocs built with more to come, for only one reason.
This whole China relationship is like death by a thousand cuts. Slowly slowly... Maybe best just to cut all ties and get it over and done with.