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A comment on France recalls US and AU ambassadors over sub-deal. Parent comment

Re:France recalls US and AU ambassadors over sub-deal by ethbr0 on Saturday September 18, 2021 @09:01PM (#28580768)
On the other hand, Australia is a huge source of raw materials for China. As an example, they produce more than 1/3 of the world's iron ore.

So this is more than China pushing around another random country. They'd have to cut off their own ear to spite Australia.

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Re:France recalls US and AU ambassadors over sub-deal by fspeech on Saturday September 18, 2021 @09:23PM (#28580887)
Sure. Just look at the divergence of steel price from iron ore price. I don't think steel producers are complaining. The fact is, China has been way over consuming in terms of steel. Even if they continue to depend on Australia for iron ore, ore pruducers are not going to compensate wine makers or coal miners for their losses.
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