Alternate sourcesExperts said Australia's iron ore has two main advantages for Chinese buyers: it is high quality and reliable. "It is virtually impossible for China to replace Australian iron ore in the short term," Oliver said. Iron ore imported from Australia and Brazil at an iron ore storage yard in Taicang Port, Jiangsu Province, China on December 9, 2020. Over the past year, Chinese state-run media has been pushing for Australia to be cut out of the iron ore trade. In April, the state-run tabloid Global Times reported that Chinese companies were exploring opportunities to export iron ore from Africa.

Source: CNN May 06, 2021 01:18 UTC