Business
Fortescue hits export record for iron ore, driven by demand from China – Sydney Morning Herald
The mining giant’s shipments of iron ore from Australia hit an all-time high in the past year and could grow even further in 2021 as the company projects demand from Chinese steel mills to outstrip global supplies.
“This was an outstanding performance which underpinned the operational excellence we delivered in the 2020 financial year, particularly during a quarter when we implemented a range of measures in response to COVID-19,” she said.
“I am very proud of the teams commitment and cooperation during this time which has sustained our contribution to the Western Australian and national economies through the reliable and secure supply of iron ore to our customers.”
Iron ore is Australia’s most valuable e…
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