Miscellaneous News

getready

Senior Member
Australia's trade with China has been collapsing ever since Russia invaded Ukraine and the sanctions started. Europe is not buying Russia's iron ore anymore, nor its metallurgical coal. Japan and South Korea are not buying Russian LNG in the same amounts. So guess who is.

Iron ore, metallurgical coal, and LNG are the main Australian exports to China. Or should I say "were" if this continues.

China banned several products from Aus like agricultural, and stuff like lobsters and wine. Those really took a hit. But they are not essential.

Iron ore however from Australia is seen to be difficult to replace. There were other options even before the war in Ukraine. When sino aus tensions were already very high. It seems aus iorn ore is still best option in terms of quality needed, the transport costs etc.
 

getready

Senior Member
Unfortunately Murdoch's media empire is still as healthy as ever. They are the ones backing the likes of Fox News and other right wing news outlets throughout English language media.
Unfortunately this is Sydney morning herald. Not Murdoch media. It's owned by richest woman in Australia and at one point the world, Gina Reinhart the mining heiress.

I ignore Murdoch rubbish rags. However it seems smh isn't that much better. Despite usually being known as more centre and left leaning. Their motto actually says independent news lol. In reality it's just following US propaganda
 

coolgod

Brigadier
Registered Member
The most complete/original video
Xi walking along when Trudeau stops him, then proceeds to school Trudeau in under a minute.
Apparently in the video, Xi said 天真 (naive) after walking away

This new video will go down in history and replace Trudeau's previous fails at G20.

I saw some tweets which also pointed out Canada's dumb blonde FM directly calling out Xi Jinping's name in an interview without even a basic honorific like Mr. in front.
 

Andy1974

Senior Member
Registered Member
China banned several products from Aus like agricultural, and stuff like lobsters and wine. Those really took a hit. But they are not essential.

Iron ore however from Australia is seen to be difficult to replace. There were other options even before the war in Ukraine. When sino aus tensions were already very high. It seems aus iorn ore is still best option in terms of quality needed, the transport costs etc.
I don’t think things were banned, there were very large anti-dumping tarrifs put on some products. All those categories of goods still get exported to China.

Any reports of declining trade between Aus and China is due to the falling price of Iron Ore mainly.

The problem is the global flow of money from the US to China, then from China to Australia for Iron Ore, then from Australia to the US for arms to be used against China. The solution is to balance trade between Australia and China, which will eliminate the trade surplus used to buy US arms.

How China does this is really smart, it involves so many things, and the end result is that Australia’s cash cow is going away forever.

They are moving production of steel intensive parts near steel mills fed with local iron ore in other countries.

They are replacing steel with carbon fiber, things like train carriage bogeys, this reduces the need for Ore AND increases steel recycling.

They are using chemistry to develop greener and cheaper processes to work with lower quality ores which increases the availability of useful ore deposits globally. That means Australia’s current clients Iron Ore clients become their future competitors.

China is also taking stakes in Australian mines, and has a limit on how much they must own by 2025. So even if the prices increases a lot, half the profit goes back to China.
 
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