jinn Posted August 16, 2013 Share Posted August 16, 2013 Always the same, but hopefully a return more to the norm than bust. The positivity around most things somehow seems to disallow critical thinking. A big flaw in my view with regards Australia. Hahahaha return to the norm? I remember when I lived there, ridiculous predictions how many millions tons of australia iron ore and coal China will buy, and now all failed. China reduced demand. Why? Due to own cheaper resources they bought in Mongolia and Africa. China was the main buyer, now China doesn't need australian ore because has much cheaper from somewhere else. Australian coal = 88$/ton South African = 77$/ton European = 75$/ton American = 60$/ton and less Quote Link to comment Share on other sites More sharing options...
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