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Has the trade war begun?
http://www.businessspectator.com.au/bs.nsf/Article/Stratfor-...
Submitted by
cij
8 months, 2 weeks, 23 hours agoThe Chinese are playing games with commodities.
#1 - By PeteD, 8 months, 1 week, 16 hours ago.
Interesting article.
"China is a major producer of several of these commodities (for example, China was the world’s largest producer of zinc in 2006, nearly double the output of its next-nearest competitor, Australia), making its export restrictions significant in the overall global supply-and-demand balance. " I did not know that? What do they need with Australian minerals if they have their own? Is it literally just iron-ore that they need from us? If so, we're absolutely insane if we are banking on that alone to save us from recession. #2 - By cij, 8 months, 13 days, 11 hours ago.
If China is the largest zinc producer who wants more zinc from the second largest producer, then it seems that they want to dominate and monopolise that commodity.
#3 - By PeteD, 8 months, 12 days, 23 hours ago.
Definitely, this ties in with your articles on rare earths.
I guess my concern was that perhaps a lot of Australians (including myself) have the misconception that China has no mineral deposits of it's own and NEEDS Australia to develop into the future. |
