China and Australia are having a political “tit for tat” dispute over trade
(and the origin of Covid-19)
that has already affected exported wines and steam coal.
This could easily expand to iron ore and “metallurgical coal” used to make the “coke” (spongey carbon) needed for steelmaking.
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the chinese get 75pct of their ore from aussie - they ain't cutting off this trade... wine... big deal ... coal, they get a small proportion of their coal needs from aussie, and there is "plenty" of supply available from indonesia/soafrica/russians... or long haul from colombia
if i was the aussies, i'd cut off ore shippments to china.... but that's a lot more loss of revenue $$$ then the coal trade...
