FMG 0.83% $18.29 fortescue ltd

Iron ore price, page-19616

  1. 15,756 Posts.
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    FMG still getting their ore out and orders but if countries start closing down just about everything then no manufacturing which means no need for iron ore.

    China are doing everything to keep manufacturing open ... search what they are doing for Tesla and let’s not forget China is the hardest hit by the Coronavirus ?

    “no need for iron ore” .... ROFL ... you always err to the side of dramatics @nolan

    One last point ... FMG ship their IO to other countries outside of China - just sayin’

    ... will FMG be affected ... they sure will but hopefully the weather problems in Brazil and the high IO prices coupled with the fact that they are basically net debt free now will see them thru this situation !

    GLTAH
 
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