China interests in iron ore independence from Australia

Grão-Pará Multimodal’s executive director, Paulo Salvador comments “The fact that there are no Chinese investors in mineral exploration in Brazil, in my view, is not related to any barrier, but because until now, they have not felt this need,” he said.

“For years, the iron ore market was balanced in terms of supply and demand and, consequently, stable prices. With recent developments in both supply and demand, there needs to be a rebalance in the market. Given China’s relationship with Australia, I think that it would be interesting for China to have as many alternatives as possible.”

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Published on South China Morning Post 13/01/2021.