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There is no hubris like BHP hubris.
When you put yourself in front of an angry dictator you’ve been gouging for twenty years, eventually you’ll get yours.
China has widened a ban on BHP iron ore for the second time in two weeks, escalating a months-long contract dispute with the world’s third-largest supplier of the key steelmaking ingredient.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.