Twiggy back in WA after four-month mystery world tour
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Twiggy back in WA after four-month mystery world tour
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Andrew ‘Twiggy’ Forrest has returned to Western Australia after his four-month mystery world tour.
Since August Dr Forrest has been crisscrossing the globe on the Fortescue Metals Group private jet, meeting with heads of state on the search for renewable energy and minerals deals as well as furthering his philanthropic work with the Minderoo Foundation.
Andrew Forrest at Sydney airport on January 3 boarding the FMG private jet to fly back to Perth.
Australia’s Fortescue expects robust demand for steel next year
Australia’s Fortescue Metals Group Ltd expects iron ore demand to be strong next year thanks to a solid Chinese steel market and post-pandemic recoveries in other countries, a senior company executive said.
Iron ore prices soared this month towards $150 a tonne due to ongoing supply issues in Brazil where miner Vale trimmed its 2020 output forecast last week, pushing up prices which have already gained more than 80% this year.
“We continue to expect strong market dynamics,” Fortescue’s Danny Goeman, director of sales and marketing, said.
“Obviously supply continues to be constrained. On the demand side, even outside of China, our customers keep telling us there is very strong steel demand,” he told a briefing that marked the start of ore processing at Fortescue’s Eliwana mine expansion.