Iron ore demand will survive Evergrande wind-up, says King

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While the move has not hurt iron ore prices, it could have a knock-on effect to the broader Chinese economy and ultimately reduce demand for the steel-making commodity. China takes 85 per cent of Australia’s iron ore exports. “You can’t replace China and that was always why it’s so important to restore our trading relationship with China on other commodities that are very important but have less value to the economy,” Ms King said in an interview in Tokyo, referring to China lifting sanctions on other goods such as coal, barley and wine. Ms King this week held talks with...