A united front emerges
At the Diggers and Dealers Mining Forum in Kalgoorlie, former Australian treasurer Joe Hockey voiced his backing for a joint strategy by local miners to confront China’s iron ore pricing tactics.
He argued that a coordinated response is vital to protect Australia’s flagship export, which contributes significantly to national revenue and employment.
The proposal calls for miners to pool resources and negotiate collectively, directly countering the influence of the China Mineral Resources Group, a state‑backed buyer accused of aggressive price manipulation.
Analysts suggest that such a move could shift market dynamics, compelling the CMRG to adjust its approach and potentially stabilising prices for Australian exporters.
While logistical and political challenges remain, Hockey’s endorsement adds weight to the discussion, underscoring growing concerns over China’s pricing power in the sector.