FMG 1.96% $17.97 fortescue ltd

News: FMG Australian shares fall as investors cautious ahead of China rate decision, page-12

  1. 3,689 Posts.
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    FMG is selling to another country now as well as others lining up.
    India mills are designed for Indian iron ore. They have to change their manufacturing to take our ore.

    Other countries simply don't import as much iron ore as China does by some margin.

    India economy may well be a super power of an economy making money for Aussie companies but with iron ore maybe not.
    Like I said they'd have to change their mills and I can't see them upsetting so many workers to buy our ore.






 
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