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Fortescue Metals posts $14b profit on iron ore boom, ASX struggles for direction – ABC News
Australian shares are struggling for direction, record high-iron ore prices drive Fortescue Metals to its highest-ever profit…
The Australian market is trading relatively flat, as the surging share price of Fortescue Metals and other mining giants was offset by losses across the major banking stocks.
The ASX 200 was largely unchanged at 7,490 points, by 12:30pm AEST.
Before that,…
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