/biz/ - Business & Finance

12/18/20 more news came out about ((IRON)) in case you missed it last night:
https://www.dailymail.co.uk/news/article-9062419/Chinas-trade-war-helping-Australia-iron-ore-prices-expected-stay-higher-longer.html
(sorry that it's dailymail)
>Extraordinary twist as China's trade war with Australia backfires with our biggest money-spinning export iron ore now set to stay at record levels for longer and earn the nation BILLIONS in extra revenue
SO
Chinese steel mills tried to complain today to Australian iron miners that the price of iron was too high. Australian miners were basically just like "oh man, that sucks" while rubbing their nipples
https://youtu.be/Wtonb-WDQrk?t=30 [Embed]
Why this is important:
Aussie government LOVES the high price of iron, because it's making the China trade war have zero net impact on the Australian economy - the gains that they have received from the higher price of iron are greater than the losses from coal / wine / barley! As such, Australian government basically said "iron prices are going to stay high for months, suck my dick"

This is very bullish for VALE for the price of iron to be kept up for months to come, and also very bullish for there to be even more conflict between Australia and China (more conflict = more marketshare acquired by VALE) Australia will not seek to end their conflict with China when they are making billions on IRON sales
>pic related is Australian miners today when China complained to them about the price of iron being too high

>V A L E
>A
>L
>E

>>24913555
>>24913689
Most recent news to come out about iron in case you missed it:
https://www.dailymail.co.uk/news/article-9062419/Chinas-trade-war-helping-Australia-iron-ore-prices-expected-stay-higher-longer.html
>Extraordinary twist as China's trade war with Australia backfires with our biggest money-spinning export iron ore now set to stay at record levels for longer and earn the nation BILLIONS in extra revenue
(best article I can find out about it right now, sorry that it's dailymail)
SO
Today, December 18, Chinese steel mills tried to complain to Australian iron miners that the price of iron was too high. Australian miners were basically just like "oh man, that sucks" while rubbing their nipples
https://youtu.be/Wtonb-WDQrk?t=30 [Embed]
Meanwhile Aussie government LOVES the high price of iron, because it's making the China trade war have zero net impact on the Australian economy - the gains that they have received from the higher price of iron are greater than the losses from coal / wine / barley! As such, Australian government basically said "iron prices are going to stay high for months, suck my dick"

Bullish for VALE for the price of iron to be kept up and also more conflict between Australia and China = more marketshare acquired by VALE
>pic related is Australian miners today when China complained to them about the price of iron being too high

>>24911237
>Australian iron miners reacting to the Chinese complaining the price of iron is too high