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‘Trade friction’: Beijing is turning up the heat on Australian iron ore
Andrew Forrest’s Fortescue has become the latest Australian miner targeted by China’s push for lower iron ore prices, putting future export revenue at risk.
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afr.com
Hedge funds target Fortescue amid $11b short on ASX mining giants
Sage Capital and Ten Cap are among an army of funds betting against Andrew Forrest’s mining empire, while short interest in Rio Tinto and BHP is at the highest level in years.
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Fortescue’s flagship Iron Bridge takes $1b hit as China talks stumble
Andrew Forrest’s misfiring magnetite division and hardball negotiating tactics from the centralised buyer have taken the shine off record production.
