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May 5, 2021
‘I never give up’: Q&A with Chinese environmental lawyer Jingjing Zhang Jingjing Zhang has been dubbed the “Erin Brockovich of China” for her work litigating against polluting companies on behalf of affected communities within the country. Now living in the U.S., she has switched her focus to Chinese companies operating overseas, many of them under the aegis of Beijing’s ambitious and far-reaching Belt and Road Initiative. But jurisdictional issues mean courts in China don’t yet hol...
May 4, 2021
China has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some feedstock alternatives to buoyant iron ore, steps largely viewed as short-term measures to calm prices.
May 4, 2021
Iron ore is Australias largest global export. Brazil is the next largest exporter, but supplies have been disrupted by an environmental disaster two years ago that affected 10 mines. Steel makers in China reported a record high of 94 million tonnes in March, an increase by 19.1 per cent in the past year. The rising superpower - which imports 60 per cent of its iron ore from Australia - has long wanted to source the mineral from other countries. Earlier this year, Reuters reported how Chinese of...
May 4, 2021
China seeks to cool red-hot steel sector, and aims at Australia China has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some feedstock alternatives to buoyant iron ore, steps largely viewed as short-term measures to calm prices. But there are likely some longer-term implications as well, as Beijing looks at ways to reduce the reliance of the world’s biggest steel producer on Australian iron ore. Australia is the world’s largest exporter of the steel-...
May 3, 2021
Boom times: We may be having another commodity supercycle Weâre sorry, this service is currently unavailable. Please try again later. Dismiss May 3, 2021 â 12.00pm May 3, 2021 â 12.00pm Save Normal text size Advertisement Anyone having a quick squiz at commodity prices could easily think weâre in the middle of the kind of commodities supercycle last seen in the China-driven boom in the aftermath of the global financial crisis. While iron ore is the flag carrier for the boom ...
May 3, 2021
China’s steel industry is blaming the concentrated ownership of Australia’s iron ore mines for the soaring ore price and is calling for Chinese government intervention. ‘We believe that the supply side is highly concentrated and the market mechanism is not working, so we call for the authorities to play a bigger role in the event of market failure,’ Luo Tiejun, vice president of the China Iron and Steel Association, told an industry conference last week. The reality is that the market i...
April 30, 2021
Iron ore makes up 39 per cent of Australia's exports but China is introducing new rules so it is less reliant on the commodity used to make steel. Record prices and volumes may not last.
April 30, 2021
China wants manufacturers to use recycled steel instead of Australian iron ore Steel commodity iron ore in March made up 39 per cent of Australias exports A record $14billion worth of iron ore was exported last month - up 21.7 per cent Commonwealth Bank commodities expert Vivek Dhar is worried for Australia UNSWs Professor Veena Sahajwalla invented recycled steel technology
April 27, 2021
SOURCE / ECONOMY By Yin Yeping Published: Apr 27, 2021 09:28 PM Cranes load iron ore at a port in Nantong, East Chinas Jiangsu Province. File photo: VCG The Chinese government is paying close attention to soaring iron ore prices and is studying measures to expand supplies to curb prices, a Chinese steel industry insider said on Tuesday, in a move that could affect Australias massive iron ore exports. "We believe that the supply side is highly concentrated and the market mechanism is not work...
April 27, 2021
Barbara Levi, designated UBS legal chief Tuesday, 27 April 2021 15:20 UBS New Legal Chief is No Stranger to High Stakes The Swiss banks incoming chief lawyer is no stranger to high-stakes cases. Barbara Levi isnt a big fan of multi-tasking. «I now realize that it is such as a waste of time, you end up in doing many things, without adding value to any,» she told a legal outlet last autumn. The Italian-born lawyer prefers to allot her time issue-for-issue. In November, she takes a job overse...