Maybe I’m making too much of this but a meme has taken hold in today’s media that a Fortescue tie-up with Chinese interests is bad idea. Rio’s head of iron ore Andrew Harding is seeding it, from The Australian:
“I’m sure that will continue to play out,” Mr Harding said when asked about recent Chinese investment in iron ore assets around the world.
“Whether it’s customers want- ing to get involved — and there have been examples of countries doing that before — or whether it’s further suppliers coming into the market, the market will sort itself out over the longer term. It will all be about trying to match supply to demand.”
