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Iron ore price: Fears Australian property will suffer after China move – NEWS.com.au
Iron ore price: Fears Australian property will suffer after China move
China has revealed its intentions to diversify its supply of iron ore and now, experts are warning that not if, but when they do pull the pin on Australias biggest export earner, our house prices will go tumbling with it. In its monthly briefing a fortnight ago, the National Development and Reform Commission (NDRC) recommended Chinese firms boost domestic exploration for the steelmaking input, explore overseas ore resources and widen their sources of imports.
Adding iron ore, Australia’s biggest…
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