The Pilbara killer stalks BHP

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Strategic buffoon Anthony Albanese is discovering that kowtowing to Beijing only encourages it.

“We have seen those issues in the past. I want to see Australian iron ore to be able to be exported to China without hindrance.”

“If prolonged, the (pause) risks squeezing steel margins or forcing selective output cuts … but China cannot realistically walk away from BHP supply altogether,” an RBC note said.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.