Conveyor belts transport iron ore at the Fortescue Solomon mine in Western Australia. Photo: Reuters
Conveyor belts transport iron ore at the Fortescue Solomon mine in Western Australia. Photo: Reuters

China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year

  • Since prices hit an all-time high of more than US$230 a tonne in May, prices for the steelmaking ingredient have fallen with Chinese authorities curbing output
  • Beijing blocked several goods amid its protracted geopolitical conflict with Canberra, but iron ore shipments are still welcomed with open arms

Conveyor belts transport iron ore at the Fortescue Solomon mine in Western Australia. Photo: Reuters
Conveyor belts transport iron ore at the Fortescue Solomon mine in Western Australia. Photo: Reuters
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