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China diversifies iron ore sources amid strained ties with Australia Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on “unfriendly” Australia for this key resource. They urged Australia to correct its mistakes and steer the worst-ever relationship with China back to normal for its own long-term benefit. A consortium of three Chinese companies signed a memorandum of understanding with Algerian National Iron and Steel Co on March 30 to exploit iron ore in the North African country, the Xinhua News Agency reported. ....
China Diversifies Iron Ore Sources Amid Strained Ties With Australia sputniknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sputniknews.com Daily Mail and Mail on Sunday newspapers.