Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP
Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP

China-Australia relations: global iron ore market to ‘remain robust for some time’, says Fortescue CEO

  • Fortescue Metals Group reported their net profit after tax for the first-half of the year was US$4.08 billion, up from US$2.45 billion a year earlier
  • China’s focus on infrastructure last year drove a more than 50 per cent rise in the price of iron ore, which reached a record in December on China’s Dalian Commodity Exchange

Topic |   China-Australia relations
Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP
Fortescue expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, nudging up from a prior range of 175-180 million tonnes. Photo: AFP
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