China-Australia relations: iron ore demand powers ahead as Fortescue secures US$4 billion in deals

//China-Australia relations: iron ore demand powers ahead as Fortescue secures US$4 billion in deals

China-Australia relations: iron ore demand powers ahead as Fortescue secures US$4 billion in deals

Australian iron ore mining giant Fortescue Metals Group secured some US$4 billion in iron ore deals at the China International Import Expo (CIIE) in Shanghai as Australia’s most important export continues to withstand rising tensions with China amid proposed bans on a number of other Australian products.The Australian-listed miner signed 12 memorandums of understanding (MOUs) for the purchase of its iron ore with major Chinese steel mills, procurement partners and financial institutions on…

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By | 2020-11-10T06:46:05+00:00 November 10th, 2020|Business|Comments Off on China-Australia relations: iron ore demand powers ahead as Fortescue secures US$4 billion in deals