Business
Iron ore exports unlikely to slow down amid Australia–China trade tension: experts
The reliance of Australian exports to the Chinese market has been put under the spotlight, with China imposing fresh trade restrictions across industries such as coal, wine, barley and timber.
However, a number of resource industry experts believe the country will be unable to shake off its reliance on Australia’s iron ore industry, in the short-term at least.
Demand for iron ore remains strong
In a recent ABC article, iron ore research analyst Philip Kirchlechner said despite the hostility, China’s coronavirus stimulus packages have seen the country’s demand for iron ore surge as it targets steel-intensive projects like rail, airports bridges and ports. Given the fact that Australia is currently China’s most reliable…
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