Business
Should ASX iron ore producers worry as China plans to up its own production? – The Motley Fool Australia
Is China planning to leave ASX iron ore producers in its dust by mining the mineral domestically? Let’s take a look at the latest updates.
After helping to drive the iron ore price to record highs recently, it seems China might be planning to leave ASX iron ore producers in its dust by mining the mineral domestically.
An unnamed spokesperson from China’s National Development and Reform Commission (NDRC) said today that Australia has imposed “unreasonable restrictions” on trade between the two nations. They said:
The Australian Government has imposed unreasonable restrictions on China-Australia investment and trade cooperation and undermined…
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