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‘May not happen again’: Warning as iron price drops below $US200 a tonne – NEWS.com.au
‘May not happen again’: Warning as iron price drops below $US200 a tonne
Australias secret to sustaining some sense of economic normality throughout the pandemic recession has been iron ore.The vital steelmaking ingredient has rocketed in value in the past year to an all-time high, and China, which makes far more steel than anyone else in the world, can’t stop buying it.
It means that everything we’ve heard about what China has been doing to our exports in the past year, like blocking our barley and wine, has been pretty much pointless from Beijing’s point of view.
Although…
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