{"id":81649,"date":"2023-10-26T06:29:01","date_gmt":"2023-10-26T06:29:01","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81649"},"modified":"2024-01-15T04:20:20","modified_gmt":"2024-01-15T04:20:20","slug":"exploring-chinas-outsized-effect-on-the-australian-mining-industry","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/exploring-chinas-outsized-effect-on-the-australian-mining-industry\/","title":{"rendered":"Exploring China’s Outsized Effect on the Australian Mining Industry"},"content":{"rendered":"

Australia’s Mining Industry and China’s impact. <\/span>As an island nation with a relatively small population, Australia\u2019s mining industry relies heavily on its ability to export commodities to other countries. <\/span>But there is one relationship that <\/span>far outshines<\/span><\/b> all the others.<\/span>\u00a0<\/span>Australia\u2019s trade relationship with China is massive; as our largest and most lucrative export partner, total two-way trade was worth about $250bn at last count.<\/span>\u00a0<\/span>Mining and energy commodities, including iron ore, coal and a vast array of minerals, metals and energy, drive the lion\u2019s share of this value. <\/span>(Japan is next with a meagre $88bn.)\u00a0<\/span>\u00a0<\/span>Australia\u2019s mining industry is well-supported by Chinese demand, and any fluctuations in the Chinese economy can have a quick and significant effect on the local players.<\/span>\u00a0<\/span>While China has experienced record fiscal growth recently, the COVID pandemic and a real estate crash have sent shudders through its economy, with the ripples heading Australia\u2019s way.\u00a0<\/span>\u00a0<\/span>The real estate crunch is an interesting case study, as construction and buildings require s3teel, much of which begins life as Australian Iron ore. <\/span>\u00a0<\/span>Less building in China leads directly to less demand for iron ore exports Down Under.<\/span>\u00a0<\/span>\u00a0<\/span>And with Fe responsible for about <\/span>77% of our total exports<\/span><\/b> to China, it’s a big deal for Australia\u2019s mining industry and just about everyone else.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Entering the Dragon\u2019s Den<\/span>\u00a0<\/span><\/h2>\n

As a communist country with a dominant central government, much of what happens inside China is controlled by the powers that be.<\/span>\u00a0<\/span>Recently, there\u2019s been a spate of arrests (and worse) among the Chinese rich list, many of whom had made their fortunes in <\/span>resources and commodities<\/span><\/b>, including copper and manganese mining.<\/span>\u00a0<\/span>The purge has highlighted the extent to which the Communist Party is involved throughout all levels of industry and business.<\/span>\u00a0<\/span>As you can imagine, this has flow-on effects on countries like Australia, which are large trade partners.<\/span>\u00a0<\/span>And If the politics of the day goes sour, China has been quick to ban some Australian exports or raise taxes to make them unviable in the local market.<\/span>\u00a0<\/span><\/p>\n

This <\/span>double-edged sword<\/span><\/b> of incredible demand, tempered by hot emotions, can significantly impact Australia\u2019s mining industry, which relies heavily on Chinese growth and its need for raw materials.\u00a0<\/span>\u00a0<\/span>But with challenge comes opportunity, and as the Chinese mining elite falls from favour with the central government, Australia\u2019s miners are poised to capitalise.<\/span>\u00a0<\/span>Experts have likened the recent fall of Manganese magnate Jia Tianjiang to the equivalent of Rio Tinto suddenly falling over, with all the associated supply chain crunches sure to follow.\u00a0<\/span>\u00a0<\/span><\/p>\n

 <\/p>\n

Predicting the Future of Trade Relations<\/span>\u00a0<\/span><\/h2>\n

Despite all the turmoil, China and Australia remain primarily dependent on each other and vested in maintaining healthy two-way trade.\u00a0<\/span>\u00a0<\/span>Politics (and politicians) will come and go, but commerce is a language that transcends the muck and one everyone can understand.<\/span>\u00a0<\/span>With a clean energy future dawning and critical minerals at the heart of the energy transition, Australia\u2019s mining industry and China\u2019s manufacturing base are firing up.<\/span>\u00a0<\/span>And one can\u2019t exist without the other.\u00a0<\/span><\/b>\u00a0<\/span>As China’s traditional building and construction boom dies down, another quickly rises to take its place in the form of battery metals technology and the associated downstream processes.<\/span>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Dust suppression is a critical issue in the world of mining and resources.<\/strong><\/p>\n

Learn more about GRT\u2019s industry-leading and IoT-connected\u00a0SMART Dosing Units<\/a>, and discover how we\u2019re driving better dust suppression solutions for all!<\/strong><\/p>\n

If you\u2019d like to talk with an expert, simply\u00a0contact us<\/a>!<\/strong><\/p>\n

Your feedback is important to us.\u00a0<\/strong><\/p>\n

If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a REVIEW<\/a>.<\/strong><\/p>\n

\u00a0<\/span><\/p>\n

References:\u00a0<\/strong>\u00a0<\/span><\/h2>\n

https:\/\/tradingeconomics.com\/australia\/exports\/china<\/span><\/a>\u00a0<\/span><\/p>\n

https:\/\/www.dfat.gov.au\/publications\/trade-and-investment\/trade-and-investment-glance-2020#:~:text=Australia’s%20top%20ten%20trading%20partners,export%20market%20and%20import%20source<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

https:\/\/www.exportfinance.gov.au\/resources\/world-risk-developments\/2021\/may\/australia-iron-ore-to-china-drives-export-performance\/<\/span><\/a>\u00a0<\/span><\/p>\n

https:\/\/www.economist.com\/business\/2023\/10\/12\/the-fall-of-chinas-manganese-king-may-hit-global-ev-supply-chains<\/span><\/a>\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Australia’s Mining Industry and China’s impact. As an island nation with a relatively small population, Australia\u2019s mining industry relies heavily […]<\/p>\n","protected":false},"author":5,"featured_media":81460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-81649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-articles"],"yoast_head":"\nChina's Outsized Effect on the Australian Mining Industry<\/title>\n<meta name=\"description\" content=\"Australia's Mining Industry: China's impact, trade relations, and opportunities. 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