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Record iron ore prices boost Australia’s economy, but will the China trade war end the boom? – ABC News

Iron ore prices have been on a tear, boosting government coffers, but just as fast as they went up, they’re now coming down as China tries to curb its reliance…

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Driving along the Great Northern Highway through Western Australia’s remote Pilbara region at sunrise is a unique experience.
A landscape of gold, red and green surrounds you, the sky glows with a pink hue and the air is crisp.
Underneath all that natural beauty lies the single most valuable thing to Australia iron ore.
Rio Tinto’s iron ore trains stretch up to three kilometres and carry as much as 28,000 tonnes of iron ore in a single trip.(ABC News: Rachel Pupazzoni
)
The commodity helped shave…

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