Daily iron ore price update (dead cat)

Texture from the AFR:

Australia supplied a record 74 per cent of China’s imported iron ore in June, according to trade figures, almost double the monthly average from 10 years ago.

As the world’s largest manufacturer and second biggest economy, China is also reliant on Australian coal and uranium to keep the lights on and its factories running, as the Communist Party seeks to maintain two decades of rising prosperity.

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