Longer term FMG will start making their own steel and might not even need to export iron ore and only sell green steel to the world. FMG moving to become a power house for green hydrogen which could out sell iron ore so more money rolling into future dividends.
China will start to fear Australia. FMG going green steel and likely BHP and RIO may well follow which means less iron ore to China and that alone will see iron ore prices soar. That is maybe 10 years away but great for all our retirement money flowing in.
In 10 years I suspect FMG to be a $100 a share company.
Iron ore price, page-29159
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