Business commentator Terry McCrann says China will not keep "handing" its money over to buy Australian iron ore amid its search for resources in other countries.
Mr McCrann said while China is currently “buying our own ore at ridiculously high prices”, it is “desperately trying to find alternative supplies”.
“China is not going to keep just handing this money over, and the same time we’re engaging in a verbal war,” Mr McCrann told Sky News host Peta Credlin.
“If they want to build steel, they’re going to have to buy our iron ore into the future.
“But they’re not going to do it enthusiastically and they’re not going to do it just paying these ridiculous prices right through the 2020’s.”