FMG 3.20% $19.34 fortescue ltd

Geopolítica tensiones has a decisive factor for most companies...

  1. mah
    1,412 Posts.
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    Geopolítica tensiones has a decisive factor for most companies especially for FMG that 90 percent of its IO sold to China . I see politics and share market are two sides of the same coin . Without understanding politics, you can not understand fully the share market . For example if you get the information that China is going to invade Taiwan tomorrow, it is silly not to sell your shares in FMG today, because the SP will collapse. I have invested in FMG because I don’t believe that China is going to attack Taiwan and Australian economic with China will remain strong and both countries will benefit and FMG especially will benefit from its economic relationship with China . I am very hopeful that FMG with China can produce green steel of 100 million tonnes by 2030 .
 
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