FMG 3.16% $20.39 fortescue ltd

Brazil's supply is as likely to further constrict in the near...

  1. 748 Posts.
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    Brazil's supply is as likely to further constrict in the near term as it is to come back on-board.

    Vale can't hit their production forecasts to save themselves, and they have ongoing environmental/compliance issues - along with the obvious COVID-19 challenges which are just terrible.

    Additionally, demand is at least as high, if not higher, than last year - so it is both a supply and demand issue (and it will be interesting to see where and when that settles).
 
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