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FMG - Fortescue Ltd

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Iron ore is the most current on earth.they can just decide to boycott our ore and pay a little more for other sources, knowing they have huge stockpiles to smooth the switch, as to the low quality cheap profuct, my Huawei smartphone was 3y ahead of iphone.all computers laptops are built there etc etc
Low quality is the lowest pricedoes not have to be so, offer decent price and you get high quality..yet still cheaper then other places.
Fmg could be slaughtered with a ban signature in a bj office....
it is all good..until it is not
 
Those of us following coal and iron ore back to 2000 will know all about the volatility of both. So I've just kept a small interest in the sector knowing it's possible to make up to 60 times what is invested in the 2003 to 2009 runup. Or after that date lose up to 90% on the reversal.

Iron ore price leaps into 2021

Iron ore opens new year with a bang as Chinese crude steel output set top one billion tonnes for the first time.
www.mining.com
 
Yeah but china needs the ore & coal far more than AU needs the money frog, hence australia actually holding the whip here.

If AU was to just stop exporting iron ore (or coal) it would make the power that OPEC has with its oil supply look like child's play.
 
1) Never said it was a small market. Iron/Steel is a global essential commodity. Let me know when we can make forks and cars cheaply from silver lol.

2) If China is not there to supply the the iron/steel products, someone else will. China is not consuming and producing iron products while the rest of the world does something different. As VC said China currently buys the Iron due to global demand of iron products.

China's demography: yes... and? 2020 demographics vs 2040 projected demographics. In what way are FMG holders supposed to pee ourselves?

Oil Balance: we're talking about iron. Not oil. So they import a lot of oil. And what?

Coal power: again, moot point.

Debt to GDP: so it's going up. Good. Chinese are spending more. It's pretty much the basis for the US economy: consume more than what is created.

China's political alliances in the world: no it is not lunacy. It is a fact. How many African countries, Middle Eastern countries, South American, FSU countries (which comprise of the majority of countries in the world) currently have a political feud with China? Not only do they side with China, many side with China *against* America. You're the one that said China is on every country's sh*tlist, i'm just pointing out the fact it isn't true. It is not whether i like it or not. It's just a fact.

If you really believe in what you're saying then simply sell FMG and short iron ore. I missed out on picking up more earliest this year

 
"debt to gdp going up is good"

Look dude half your post is nonsensical and the other half is just plain wrong. A dead giveaway that you've been caught with your pants down talking shite about something you thought you understood but actually did not. You clearly don't even understand the relationships between demographics & economics.

I have explained why coal power is so relevant. It's not moot at all and the fact that you think it is is precisely what proves how clueless you actually are.

Nor do you even understand what I was saying as you've made a complete strawman of it with your "hurr just short fmg then" drivel. I never said it's all going to fall apart tomorrow, I said it's exposed to political risk in a way that no other country is. These are completely different statements.

It is also clear that you are very, very, young.
 
We do not go 5km under the sea to get iron or coal.boths commodities are very very common.and china got both internally or in Mongolia which is same.. australia has no leverage.wecan believe otherwise but the earth was made so.i can not be blamed for facts.
And in my opinion,this is FMG issue.to a lesser extend Rio and BHP.and i do not mention the minors.
 
Rubbish. Australia provides 55% of the world's iron ore and enough of china's coal to take a fifth of its electricity production offline. China's alternatives are about 50% more expensive than australian coal and electricity is approximately 60% of the cost of producing steel (yes, really).

They need australian coal far more than they care to admit/that people realise. In fact, the whole world does. Remember, this stuff doesn't happen in a vacuum.

People do not realise just how much australia is half the planet's quarry.
 
over9k said:
Australia provides 55% of the world's iron ore and enough of china's coal to take a fifth of its electricity production offline
Click to expand...
Get a bit of knowledge in that area, first part is true (even if it implies that we have a monopoly which is wrong, we are just nearer cheaper and willing to export ships of dirt whereas other places force refining)
, second point is absolutely rubbish; And I mean real rubbish: 100% false...
Now, the absence of knowledge/education in that area is actually a bonus:
most people have no clue about the difference between thermal or coking coal; but the boycott of Australian coal imports has nothing to do about China power production.It is a fact .
Where you are blessed is that 95% of people share your "absence of knowledge" (I do not want nor mean to be insulting), and as such funds, medias and investors share the narrative, and truth is nothing, narrative is everything especially at this stage of the bubble.
Look at your zoom success, inferior product, no real sales, I was skyping/wechat 4y ago across the world with better.and working tools, yet the lemmings jump in and you have a win.
If you want to discard facts and only go for the narrative (the fake news term is not trendy anymore), all good:
and this is why i am trading systems, probably the way to make money at the moment,
but do not "rubbish" truth and facts, just be aware
For FMG, it just mean they face a serious political risk, can come at any time, but yesterday BHP jumped up higher while losing billions in the coal ban...who cares about profits
 
You're going to have to back those assertions up with something frog, because china's actually looking at rolling blackouts & factories have panic-bought diesel generators as a result of the lack of australian coal they've had lately.

Did you not read my other big post?
 
Frogs claim that China could use its “Huge stockpiles” to smooth a transition to internally sourced iron is just completely false.

China only holds about 25 days of Iron ore supply, that is hardly “Huge”, and he is dreaming if he thinks Chinese production can be ramped up to anything like Australian production any time soon if ever.

I must admit Frogs posts in regards to both FMG and On the Electric car thread have become so cynical I am actually glad he has blocked me, they are not worth reading, the only time I see them is when I forget to log in so they pop up.
 
I posted the data in my other big post. Their alternatives, if they can even get them online, are 50% more expensive, which would destroy their competitiveness even assuming they can physically supply themselves (which they can't).

I keep saying this: China is a net importer of everything it needs. Energy, oil, food, everything. Disrupt the supply of any of those things, and it's in a lot of trouble, hence the sensitivity to political risk.
 
FFS
I give up: the overwhelming amount of the coal we export to China is NOT burnt in power station, 95pc of coal used for energy in china is domestic and indonesia on its own can easily fill the banned australian thermal coal gap.
if you feel better believing otherwise, I can do nothing for you.
Look you win, the Chinese are in the black because of the ban.. @over9k said it so it is true
now back to FMS where china is trembling at the prospect of an Australian blocus...
 
Backing links in other thread about "f.ck china" or any google search on australian coal export and coal ussge in china once people can distinguish between thermal or coking coal.apples and oranges ...
 
qldfrog said:
Backing links in other thread about "f.ck china" or any google search on australian coal export and coal ussge in china once people can distinguish between thermal or coking coal.apples and oranges ...
Click to expand...
Life is too short...
 
Yeah, one thing I've learned not to do is bet against twiggy.

Here's how it compares with the other pie he now has a finger in too, MCR:



I hold both, not selling either.
 

Never in my wildest imaginations did I predict Iron Ore would be this strong for this long, definitely looking forward to seeing the 6 monthly and finding out what our dividend is going to be.
 
Just wait until all the various infrastructure packages governments across the entire world are planning get announced
 
Twiggy Forest, Chairman of Fortescue Metals, has been redirecting his energy to producing green hydrogen on a vast scale with the final intention of of producing green steel and revolutionizing Australias energy and steel industry. Just spent 5 months touring the investment centres around the world to create the framework for this nation changing venture.

Twiggy also sees this as an essential part of dealing with CC in the very near future. He is producing the Boyer Lectures on the ABC this year with the theme being Rebooting Australia: How ethical entrepreneurs can help shape a better future,.

Powerful stuff. I will repost this in other relevant threads.

'The solution is hydrogen': Andrew Forrest lays out his plan to address climate change

Green hydrogen gives Australia an opportunity to slash our emissions — and if we get this right, the impact could be nothing short of nation-building, argues business leader Andrew Forrest.
www.abc.net.au
 
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