FMG fortescue ltd
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China to increase demand for lower grade ore!

  1. PilbaraBoy
    175 Posts.
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    26/03/18
    10:45
    Post #: 32019757
    Found this story 2 days ago in Australia China Business Review. Bodes very well for FMG going forward!

    http://www.acbr.com.au/chinas-shift-high-grade-iron-ore-isnt-set-stone

    The heavy discounting of 58% grade ore looks like it will soon come to an end which will see the price FMG receives for its ore start to increase. Will result in higher revenue, a lift in profit and a return of stronger dividends for all shareholders!
    FMG Price at posting: $4.64 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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