EconomyPolicyTrade

China’s Iron Ore Price Push May Backfire As Miners Weigh Alliance

China’s campaign to lower iron ore prices may produce the opposite effect as major miners consider merging assets. Analysts suggest a Pilbara alliance could strengthen miner bargaining power against China’s purchasing consortium.

China’s Price Strategy Faces Potential Backfire

China’s efforts to force down iron ore prices could inadvertently keep prices elevated or push them higher, according to financial analysts. The newly formed China Mineral Resources Group (CMRG), which coordinates over 85% of China’s iron ore purchases, has been demanding price reductions and payment in Chinese currency rather than U.S. dollars.

EnergyPolicyTrade

Japan Balances Energy Security with G7 Unity on Russian Imports, Minister States

Japan will continue to prioritize its national energy security while coordinating with G7 allies on reducing Russian energy dependence, according to the industry minister. The country relies on Sakhalin-2 LNG for approximately 9% of its liquefied natural gas needs, contributing significantly to electricity generation. This stance comes amid increasing Western pressure on Asian nations to curtail Russian energy purchases.

Strategic Balance Between Energy Needs and International Pressure

Japan will carefully balance its national interest with international coordination when addressing Russian energy imports, Industry Minister Yoji Muto stated on Tuesday, according to Reuters reports. The declaration comes as Western nations, particularly the United States, increase pressure on Asian countries to reduce their reliance on Russian energy resources.

BusinessTrade

Nvidia CEO Warns of Mutual Harm in US-China Tech Restrictions as Company Loses Entire Chinese Market

Nvidia’s CEO has revealed the company has gone from 95% to 0% market share in China due to export restrictions. Jensen Huang warned that policies damaging China often harm America as well, emphasizing the importance of maintaining technological collaboration with Chinese AI researchers.

Nvidia CEO Expresses Concern Over US-China Trade Policies

Nvidia CEO Jensen Huang has voiced significant concerns about the ongoing trade restrictions between the United States and China, warning that policies harming China could negatively impact America as well. Speaking at the Citadel Securities Future of Global Markets 2025 conference, Huang revealed that Nvidia has lost its entire market share in China due to current export controls.