China News Thread

[GulfLander]

Odd coincidence, within less than 48 hours after the ban, three people died in a gigantic Chinese iron-ore mining project that was key to China’s leverage in this battle, forcing the project’s shutdown

Allegedly accident, 3 foreign workers got killed? Whats going on?

https://twitter.com/i/web/status/1975797476721631497

 

[CMP]

Allegedly accident, 3 foreign workers got killed? Whats going on?

https://twitter.com/i/web/status/1975797476721631497

Just an FYI but suspension and shutdown are two entirely different things. The X post clearly states suspension, NOT shutdown.

 

[henrik]

Just an FYI but suspension and shutdown are two entirely different things. The X post clearly states suspension, NOT shutdown.

Does China have enough iron ore stockpile for making military equipment?

 

[supercat]

Back to Beijing after the Mid-Autumn Festival:

https://twitter.com/i/web/status/1976102870228533260

Medical emergency:

https://twitter.com/i/web/status/1976157592373297457

 

[CMP]

Does China have enough iron ore stockpile for making military equipment?

lol given BHP just caved on RMB use yesterday, this aged like raw seafood on a hot summer day. now china can use rmb to stockpile a strategic reserve of iron ore as much as needed for a contingency like prolonged war. also, only a clown would assume simandou would shut down permanently just due to a single accident or case of sabotage. it will almost certainly be reopened after an investigation determines how it was sabotaged to begin with and changes are made to prevent it in future. as for reserves, australian market analysis estimates 90-120 million tons in undisclosed chinese strategic reserves of iron ore. given australia's doing most of the selling, i trust their analysis on their biggest customer's likely strategic reserves of iron ore more than any other sources (short of chinese government disclosure, which hasn't happened yet, if ever).