Oz Blog News Commentary

Fortescue bubble to burst

April 5, 2024 - 12:30 -- Admin

A bubble, in fact. Morningstar with the note. Fortescue is the world’s fourth-largest iron ore exporter. Margins are well below industry leaders BHP and Rio Tinto, and some way behind Vale, meaning Fortescue sits in the highest half of the cost curve. This is a primary driver of our no-moat rating. Lower margins primarily result

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