laitimes

China took another shot and won 5 billion tons of iron ore mining rights in Africa, and Australia regretted it

author:Purple Dragon Observation
China took another shot and won 5 billion tons of iron ore mining rights in Africa, and Australia regretted it

Greatly my country, China is not afraid of the United States and Australia to join hands to blockade, decisively shot again, to win the African 5 billion tons of iron ore mining rights, and the value of this iron ore is as high as hundreds of billions, from now on do not have to look at Australia's eyes, completely bid farewell to the embarrassment of importing iron ore by the neck of other countries, the United States and Australia steal chickens do not become erosion of rice, Australia pained the loss of the largest buyer of iron ore produced in their own country, this time it is their turn to regret. The main categories of minerals imported by China are non-ferrous metals, ferrous metals, rare metals and non-metals, and the main importers are Brazil, Australia and India.

China took another shot and won 5 billion tons of iron ore mining rights in Africa, and Australia regretted it

Since joining the WTO, with the gradual rise of the domestic level of industrialization, China has gradually transformed from a steel power into a steel power, and now, the world's top 50 steel companies, China accounts for 29, the annual output of crude steel ranks first in the world, the annual output accounts for more than half of the world, in order to support the development of the domestic steel industry, naturally inseparable from a large number of iron ore as raw material supply, before a long time, China's more than 70% of iron ore raw materials need to be imported from Australia, Brazil and other countries every year, see here, Some friends must wonder, China is vast, the land is vast, the mineral resources are extremely rich, why bother to import the most basic iron ore from abroad?

First of all, Although There are many proven iron ore veins and reserves in China, its mining difficulty and cost are far greater than the iron ore that can be open pit mined in the coastal areas of Australia, and secondly, there is an extreme mismatch between the geographical location of China's mineral resources and industrially developed areas, and the iron ore imported from Australia can be directly loaded on the northern coast of the country, and then a large number of iron ore can be sent to factories on the southeast coast of China by sea for rough processing, if, insisting on relying on the supply of domestic iron ore resources, The cost of transport and preservation from the inland to the coast alone is several times higher than that of direct imports from Australia, and finally, the quality of iron ore in China is indeed inferior to that imported from abroad, and steel mills are more inclined to use imported iron ore for the purity of steel.

China took another shot and won 5 billion tons of iron ore mining rights in Africa, and Australia regretted it

But in the past two years, due to the impact of the epidemic on the real economy of various countries, the Five Eyes Alliance led by the United States has jointly launched a number of rounds of suppression against China in the economic and trade fields, of which Australia has the most arrogant action, first unilaterally tearing up the economic cooperation treaty, and then making it difficult for Chinese-funded enterprises in Australia, the most infuriating thing is that last year, Australia began to raise the price of iron ore imported from China for no reason, Australia is known as a country sitting on a mining cart, which caused the price of iron ore raw materials to soar globally. As a direct result, in the past year alone, China has spent nearly $170 billion more on importing iron ore from Australia, and soaring raw material prices have also caused domestic steel production to decline for the first time since the reform and opening up last year, a decline of about three percent.

China took another shot and won 5 billion tons of iron ore mining rights in Africa, and Australia regretted it

The picture shows iron ore loading ships

In order to achieve the effect of breaking the situation, China and Guinea have carried out in-depth cooperation in mining and other fields, and successfully won the mining rights of Thermandeau Iron Ore, the largest iron mine in Africa, which is already a large-scale high-quality open-pit hematite mine that can rank among the world's top five in terms of scale. At present, the proven iron ore reserves have exceeded 2.25 billion tons, the total reserves are expected to be close to 5 billion tons, the quality of the iron ore produced is not at all inferior to Australia, a number of Chinese mining companies work together to defeat the metal group that bids for Australia, with a high price of 14 billion US dollars to win the mining rights of African iron ore, the United States and Australia want to use iron ore exports to block the momentum of China's industrial development The dream is shattered.

In order to repay the trust of African brothers, China is also in Guinea to carry out a number of aid projects including large railways, just as China has been adhering to the concept of open cooperation, mutual benefit and win-win international cooperation, so when it encounters difficulties to seek cooperation, it can respond in Africa, while the United States and Australia, which lost its wife and lost its important trading partners, how can it not sigh that "there is more help, less help.".

Read on