Goodbye US$, 70% of the world’s iron ore will now trade in RMB

Goodbye US$, 70% of the world’s iron ore will now trade in RMB! 告別美元,全球70%鐵礦石將以人民幣交易!

Major Australian mining company BHP has agreed to settle its iron ore contracts with Chinese buyers in Chinese yuan (RMB), marking a shift from the standard practice of using U.S. dollars. 澳洲大型礦業公司必和必拓已同意以人民幣結算與中國買家的鐵礦石合同,這標誌著該公司改變了使用美元結算的標準做法.


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