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
