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

⁨18⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ 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

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Comments

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  • Nath@aussie.zone ⁨3⁩ ⁨weeks⁩ 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.

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  • hanrahan@slrpnk.net ⁨2⁩ ⁨weeks⁩ ago

    Juat use AUD !

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  • rcbrk@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

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

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    • princessnorah@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

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

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  • Eyekaytee@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

    crazy times

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