As a large manufacturing country with a large labor force, my country has always been a market with obvious potential in the world, and the demand for ore is extremely huge. According to the data, my country imported 1.069 billion tons of iron ore last year, which has reached the second place in my country's imports over the years, only slightly lower than the 10.75 tons imported in 2017.
Chinese companies won the largest iron ore mining rights
It is precisely because my country has a huge import demand for iron ore, it is likely to be subject to other countries’ constraints and restrictions in this regard in the international arena. In order to ensure the interests of Chinese enterprises and enable the country to take the initiative, Our country is always working hard in this regard.
Earlier, they reached a consensus with several iron ore export giants in the world and settled transactions in RMB. Now my country has directly obtained the mining rights of the world's largest iron ore.
On the 10th of this month, multiple media reported on this. In Guinea in Africa, the local Ministry of Mining and Geology and the "Win Alliance" signed a treaty on iron ore development. Obtaining the mining rights of the mines, such a good situation can undoubtedly greatly enhance my country's active position in international trade.
According to previous relevant information, the Simandu iron ore related to this agreement is the hematite resource with the largest ore reserves among the undeveloped iron ore in the world today, and this iron ore is divided into four areas Among the blocks, only the reserves of blocks 1 and 2 with grades above 65 have been preliminary surveyed and estimated to be above 3.6 billion tons.
The situation in Australia will become extremely passive
The winning of this project by a Chinese company also means that it has finally got a share of iron ore development relying on its strength, but such a scenario is not so optimistic for Australia. You should know that my country's strength in iron ore development was relatively weak before. The demand for iron ore was mainly met by imports, and Australia was one of my country's main exporters. And such trade relations have also led to a certain degree of dependence on my country.
As we all know, due to the various measures taken by Australia, the relationship between China and Australia is not harmonious in Thailand. There have even been suggestions in the country to "restrict the export of iron ore to China". This has also made my country remain passive in this regard. The ownership of the mining rights of the world's largest iron ore means that this situation will not occur in the future.
Not only that, Australia’s iron ore is very likely to face the dilemma of not being able to find a buyer, and it may even be forced to negotiate with my country again. This also gives my country a great initiative in trade, and it will not be the same as it is now. , Has always been in a passive situation.
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