there is the warning against Australia being an “unreliable” [ie, price
hiker] supplier of raw materials. “Addressing a packed audience of 570
mining industry figures at the Melbourne Mining Club, [China’s
Ambassador] Madame Fu
said China was still feeling the pain from being forced to swallow huge
hikes in Australian iron ore and coal prices, and was now more wary of
where it sourced the massive supplies of raw materials it needed to
feed its fast-paced industrialisation.”
In Oz, business fixed investment is booming as we gear up to provide extra minerals for booming China.
Read on at Henry Thornton.
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