GeoffH Posted December 7, 2020 Posted December 7, 2020 (edited) 56 minutes ago, BrettGC said: Yeah they do, but Australia produces double what Brazil does and 80% of that goes to China so Brazil can't make up the shortfall on its own That's true as far as it goes but I did read an article saying that China were trying to boost production in Africa (timeline... 5 years plus) where there are large iron ore reserves, local conditions might make that difficult but it's certainly possible. Edited December 7, 2020 by GeoffH 1 Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted December 7, 2020 Posted December 7, 2020 1 hour ago, BrettGC said: Australia produces double what Brazil does and 80% of that goes to China Looking at a chart of how much iron ore China produces by itself, they must be making a sh*t load of steel. Maybe Aus should keep its iron for a while. The earth isn't making any more of it and the price is bound to go up. 1 Link to comment Share on other sites More sharing options...
GeoffH Posted December 7, 2020 Posted December 7, 2020 46 minutes ago, Dave Hounddriver said: Looking at a chart of how much iron ore China produces by itself, they must be making a sh*t load of steel. Maybe Aus should keep its iron for a while. The earth isn't making any more of it and the price is bound to go up. Some iron is recycled but a lot isn't, world reserves are estimated at 170 billion tonnes with Australia having an estimated 52 billion tonnes. That's enough for a while but you're right, it's not endless. Link to comment Share on other sites More sharing options...
RBM Posted December 7, 2020 Posted December 7, 2020 38 minutes ago, GeoffH said: Some iron is recycled but a lot isn't, world reserves are estimated at 170 billion tonnes with Australia having an estimated 52 billion tonnes. That's enough for a while but you're right, it's not endless. Getting way off topic but interested in the possibility of China bringing tarrifs if Mr Morrison does not tape mouth......Its gona cost a shit load more from Brazil but gotta keep building power stations 1 Link to comment Share on other sites More sharing options...
GeoffH Posted December 7, 2020 Posted December 7, 2020 1 hour ago, RBM said: Its gona cost a shit load more from Brazil but gotta keep building power stations My understanding of the situation is that Brazil can't deliver much more iron ore to China than they already are (at least in the short term) irrespective of the price. Link to comment Share on other sites More sharing options...
Terry P Posted December 7, 2020 Posted December 7, 2020 On 12/6/2020 at 8:59 AM, Jollygoodfellow said: More than just working without a visa. Illegal activity. Be interesting to hear what happens to these criminals when they are returned to their mother country Link to comment Share on other sites More sharing options...
jimeve Posted December 7, 2020 Posted December 7, 2020 5 hours ago, GeoffH said: My understanding of the situation is that Brazil can't deliver much more iron ore to China than they already are (at least in the short term) irrespective of the price. Maybe China found some iron ore on the moon. 1 Link to comment Share on other sites More sharing options...
hk blues Posted December 7, 2020 Posted December 7, 2020 1 hour ago, TerryP said: Be interesting to hear what happens to these criminals when they are returned to their mother country Probably the same as what happens to the many Filipinos you suggest are working illegally in Hong Kong when they return here! 1 Link to comment Share on other sites More sharing options...
Terry P Posted December 7, 2020 Posted December 7, 2020 2 minutes ago, hk blues said: Probably the same as what happens to the many Filipinos you suggest are working illegally in Hong Kong when they return here! I was thinking of criminality rather than visa violations HK Link to comment Share on other sites More sharing options...
hk blues Posted December 7, 2020 Posted December 7, 2020 7 minutes ago, TerryP said: I was thinking of criminality rather than visa violations HK I know Terry, I was being facetious! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now