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Recently, something particularly noteworthy has happened between China and Australia. Australia, which has always been regarded as the "hardcore little brother" of the United States, has actually taken the lead among countries in the world in terms of RMB settlement and joint "de-dollarization".

According to some information previously disclosed by foreign media, BHP Group, one of the three largest international mining giants and Australia's largest listed company, has reached an agreement with China on the RMB spot trade of the first ship of iron ore.

Australia's shift was unexpected to the outside world, and many people questioned the authenticity of the relevant news. However, subsequent reports confirmed this bombshell news, and the development of the situation was smoother than the outside world expected.

According to the latest news from Observer.com, BHP Billiton and Shandong Port Group held a ribbon-cutting ceremony at Rizhao Port to celebrate the arrival of the first ship of iron ore settled in RMB at Rizhao Port.

It is reported that an Australian cargo ship loaded with iron ore departed from Port Hedland on June 25 and arrived in China a few days ago. Relevant Chinese associations, enterprises and BHP Billiton Mining Company all sent representatives to attend the ribbon-cutting ceremony.

Representatives from the China Iron and Steel Association said that the cornerstone for the steel industry to achieve high-quality development lies in establishing a diversified and stable iron ore supply system, and welcomed Australian companies to continue to strengthen iron ore trade cooperation with Chinese companies.