supercat
Colonel
Big if true: it's possible that 70% of the world’s iron ore will trade in RMB.
Renminbi (RMB)/Yuan Appreciation & Internationalization
- Thread starter supercat
- Start date
PiSigma
"the engineer"
So basically they already started using RMB, it's 4th quarter already. BHP folded real fast, it's almost like they didn't put up a fight at all.
they don't have a choice.. China is a major customer for BHP's iron ore, with exports worth an estimated US$23 billion annually.