Bulk Buys: Falling met coal prices throw a line to iron ore miners
Bulk Buys: Falling met coal prices throw a line to iron ore miners
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Bulk Buys: Falling met coal prices throw a line to iron ore miners
The S&P/ASX 200 Index (ASX: XJO) miner Fortescue Metals Group Ltd (ASX: FMG) is on the hunt for a potential lithium acquisition.
Fortescue is weighing acquisitions after a frustrating seven-year search for lithium, and growing more confident about its new iron ore mine in Gabon.
Fortescue Metals Group Limited is a major Australian iron ore mining company. Click here to read my analysis of FSUMF stock and why FSUMF presents as a Hold.
Andrew Forrest gave a big green tick to Fortescue producing a high-grade magnetite at Iron Bridge.