Business
Why China can’t grow without Australian iron ore – The Australian Financial Review
Worried that China might soon stop buying Australian iron ore? Experts reckon the Asian giant couldn’t kick the habit by 2030 if it tried.
The province remains untapped to this day, and the multinational consortium leading the latest attempt to develop a 650-kilometre infrastructure network through a nation plagued by poverty, corruption and pandemic, hopes to be producing 80 million tonnes of iron ore per year by about 2027.
If that ambitious, $US14 billion plan were executed, it would put into the market less than 10 per cent of the iron ore volumes that left Australian shores in the year to June 30. Simandou would help China, but…
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