alt Hacker NewsAustralia behaves the same way, exports ore to China and buys back the refined products. Both countries have abundant energy (hydro and solar) but have old fashioned mining interests in charge.
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sidewndr46 • yesterday at 10:58 PM
isn't it literally the same company, Rio Tinto?
Why do the mining interests prefer exporting it to selling to some local processor? you could probably get similar prices and the transport wouldn't be as complex, right?