Uploaded October 2025 | Updated September 2026, 3 weeks ago
đź’Ą China Just Took Another Step Away from the U.S. Dollar
At the end of September, China made a move that got almost no press coverage — but it should have.
China — the world’s largest buyer of iron ore — told BHP, one of the biggest mining companies on the planet:
“We’re putting a pause on all new iron ore orders in U.S. dollars.”
They weren’t stopping purchases — only U.S. dollar transactions.
And since China is BHP’s biggest customer, that message landed fast.
Within days, they struck a new deal:
đź“‘ All future iron ore contracts between BHP and China will now be settled 30% in renminbi (RMB).
That’s a major precedent — and a significant win for China’s long-term strategy of de-dollarization.
Now Beijing can go to the rest of the world and say:
“This is how we do business now.”
🧠For weekly breakdowns on markets, geopolitics, and de-dollarization, join my Substack letter, posted every Sunday.
👉 Link in bio to subscribe.
Thanks for watching.
#JayMartin #China #DeDollarization #USDollar #Geopolitics #MacroStrategy #Markets #Commodities #IronOre #BHP #Renminbi #GlobalTrade #SmartMoney #InvestorMindset
đź’Ą China Just Took Another Step Away from the U.S. Dollar
At the end of September, China made a move that got almost no press coverage — but it should have.
China — the world’s largest buyer of iron ore — told BHP, one of the biggest mining companies on the planet:
“We’re putting a pause on all new iron ore orders in U.S. dollars.”
They weren’t stopping purchases — only U.S. dollar transactions.
And since China is BHP’s biggest customer, that message landed fast.
Within days, they struck a new deal:
đź“‘ All future iron ore contracts between BHP and China will now be settled 30% in renminbi (RMB).
That’s a major precedent — and a significant win for China’s long-term strategy of de-dollarization.
Now Beijing can go to the rest of the world and say:
“This is how we do business now.”
🧠For weekly breakdowns on markets, geopolitics, and de-dollarization, join my Substack letter, posted every Sunday.
👉 Link in bio to subscribe.
Thanks for watching.
#JayMartin #China #DeDollarization #USDollar #Geopolitics #MacroStrategy #Markets #Commodities #IronOre #BHP #Renminbi #GlobalTrade #SmartMoney #InvestorMindset
