FMG 3.19% $22.62 fortescue ltd

China threatens to boycott Aussie Iron Ore for Brazil iron ore

  1. 3,313 Posts.
    lightbulb Created with Sketch. 701
    https://www.copyright link/companies/mining/why-china-needs-australian-iron-ore-20200514-p54sts?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR1T1YjM6r8jUXLxlFoaIeUdu0DM9bFl7Kfzqy0MQTJgJgx28BNbGbN1Xcw#Echobox=1589444308

    Might see the share price dip on Monday then wait a few days and buy up the stock.

    China needs our iron ore so these threats are baseless but will be enough to spook the market on Monday.
    Some bargain buys might be on the cards.

    Brazil can't supply enough iron ore and they have COVID-19 health problems over there.


 
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