hey roygbiv52, FMG don't have the premium high grade ore that RIO/BHP have in the Pilbara hence the higher production costs, the latest expanision to 110 million tonnes p/a might be the killer of FMG, the extra supply is not needed and the debt is like a noose around the companies neck.
lithium/copper have much better supply/demand fundamentals going forward, lithium is already in short supply and with copper it is the declining head grade of production that is the real worry.
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