Business
Fortescue sees strong iron ore demand as China churns out record steel – Sydney Morning Herald
Andrew Forrest’s Fortescue Metals Group has lifted its shipments of iron ore by 5 per cent as strong Chinese demand underpins this year’s stunning price rally,
While many of the nation’s other top export commodities such as coal and natural gas have faced sharp falls due to various impacts of the coronavirus pandemic, iron ore has soared and remains above $US110 a tonne, providing a windfall to mining giants such as Fortescue, BHP and Rio Tinto, as well as the federal budget.
Fortescue, whose biggest shareholder is billionaire Andrew Forrest”, revealed on Thursday it had shipped 44.3 million tonnes of iron ore for the September quarter, while its cargoes…
-
Noosa News16 hours agoBrisbane vs Collingwood live blog: Richmond selects Noah Balta as unbeaten Lions prepare for Magpies test
-
General15 hours agoNT Coalition candidate Lisa Siebert diverges from Jacinta Nampijinpa Price on royal commission call
-
General23 hours agoMinecraft mayhem: ‘Chicken jockey’ chaos reaches Australian cinemas
-
General17 hours agoCanberra man named as doctor accused of rape after suppression order lifted