December 6, 2022

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China state media advise Australia to diversify its iron ore exports away from China

1 min read

Those lovable buffoons at the Global Times with a tweet this time:

Those lovable buffoons at the Global Times with a tweet this time:

There is a kernel of truth in this forecast, and there are developments underway in China that’ll likely mean reduced reliance on Australian iron ore even prior to 2030, perhaps from as soon as 2025. China is scouring the world for other sources, and there are proposed changes to Dalian iron ore futures deliverable grades, from 62% (minimum 60%) to 61% (allowable range down to 56%) (Westpac the source for those numbers). This opens up delvieries from countries such as South Africa. 

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