Iron ore prices surpassed US$200 a tonne this week, setting an all-time high. Photo: Reuters
Iron ore prices surpassed US$200 a tonne this week, setting an all-time high. Photo: Reuters

China-Australia relations: iron ore prices hit record as market mulls Beijing’s next move

  • A fundamental demand for steel in China, coupled with worsening bilateral tensions, has pushed the price of iron ore beyond US$200 a tonne for the first time in 14 years
  • It remains to be seen whether there will be commercial moves to counter political risks in the near term, such as upswings in iron ore shipments from Australia

Iron ore prices surpassed US$200 a tonne this week, setting an all-time high. Photo: Reuters
Iron ore prices surpassed US$200 a tonne this week, setting an all-time high. Photo: Reuters
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