Open Menu
AllLocalCommunitiesAbout
lotide
AllLocalCommunitiesAbout
Login

BHP agrees to settle some iron ore sales to China using RMB instead of USD

⁨17⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨days⁩ ago⁩ by ⁨rcbrk@lemmy.ml⁩ to ⁨news@aussie.zone⁩

https://www.steelorbis.com/steel-news/latest-news/china-bhp-billiton-negotiations-on-iron-ore-supply-result-in-rmb-trading-settlement-opening-new-era-1413815.htm

source

Comments

Sort:hotnewtop
  • hanrahan@slrpnk.net ⁨12⁩ ⁨hours⁩ ago

    Juat use AUD !

    source
  • Nath@aussie.zone ⁨2⁩ ⁨days⁩ ago

    I’m sure the fact that this happened less than two weeks after China suspended all Iron Ore trade specifically with BHP is pure coincidence.

    source
  • rcbrk@lemmy.ml ⁨2⁩ ⁨days⁩ ago

    It seems strange that trade between China and Australia would be in USD.

    source
    • princessnorah@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

      Trade between most countries is settled in USD. Power of the petrodollar and all that.

      source
  • Eyekaytee@aussie.zone ⁨2⁩ ⁨days⁩ ago

    crazy times

    source