Last week, Australia’s Fortescue Metals Group forecast half-year net profit after tax of between US$4 billion and US$4.1 billion, a solid jump from the US$2.45 billion recorded a year earlier. Photo: Shutterstock
Last week, Australia’s Fortescue Metals Group forecast half-year net profit after tax of between US$4 billion and US$4.1 billion, a solid jump from the US$2.45 billion recorded a year earlier. Photo: Shutterstock
China-Australia relations
Economy /  Global Economy

China-Australia relations: Australian iron ore giant Fortescue ‘well-placed’ to meet China’s strong demand

  • Fortescue Metals Group reported a 4.7 per cent jump in iron ore shipments during the October to December quarter
  • The average price it received for its iron ore during the quarter rose a 60.5 per cent to US$122 per dry metric tonne, realising 91 per cent of the 62 per cent Platts benchmark average

Reuters
Reuters

Updated: 10:50am, 28 Jan, 2021

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Last week, Australia’s Fortescue Metals Group forecast half-year net profit after tax of between US$4 billion and US$4.1 billion, a solid jump from the US$2.45 billion recorded a year earlier. Photo: Shutterstock
Last week, Australia’s Fortescue Metals Group forecast half-year net profit after tax of between US$4 billion and US$4.1 billion, a solid jump from the US$2.45 billion recorded a year earlier. Photo: Shutterstock
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