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

Summary:
[unable to retrieve full-text content]Some iron ore traders view the indefinite suspension of the China-Australia Strategic Economic Dialogue as a potential threat to the iron ore trade between the two countries, after bidding up iron ore prices to an eye-watering high of more than US0 a tonne this week.On Thursday, Beijing halted the high-level economic dialogue with Canberra – a move seen by many as political retaliation for Canberra’s axing of Victoria state’s non-binding belt and road pact with China last month. That same…

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[unable to retrieve full-text content]
Some iron ore traders view the indefinite suspension of the China-Australia Strategic Economic Dialogue as a potential threat to the iron ore trade between the two countries, after bidding up iron ore prices to an eye-watering high of more than US$200 a tonne this week.On Thursday, Beijing halted the high-level economic dialogue with Canberra – a move seen by many as political retaliation for Canberra’s axing of Victoria state’s non-binding belt and road pact with China last month. That same…

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