Fortescue Facing Challenges as Iron Ore Demand Slumps in China
Monday, 4 March 2024, 03:00
Fortescue's Earnings Slump
Earnings at the world’s fourth-largest iron ore miner, Fortescue, are forecast to fall by 14% over the next year, marking a significant pullback compared to peers BHP, Rio Tinto, and Vale. As China's iron ore demand weakens, Fortescue faces challenges in maintaining its position in the mining sector.
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