RE: BHP, so far this year, has sold iron ore to....18 Dec 2025 21:23
China have been building the BRI which goes through many countries and into Africa, they have set up mines in a few countries so they are not reliant on anyone. After the USA and others putting sanctions on them or embargoes, they’ve been sourcing and building replacements, they knew what was coming, it’s all out there for all to see.
As I said before about their debt to gdp, it’s not the same as money just spent, it’s been invested in Infrastructure, it’s built factories in other countries which help those countries to use what they mine or grow, they have lent vasts amounts of money to these countries which is much cheaper than the imf, totally different kind of debt as it has to be paid back
That will do for now I think