Fortescue sees next wave of growth forming to support ore demand

June 8, 2016

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Fortescue Metals Group, the world’s fourth-largest iron-ore exporter, is starting to see signs of the next wave of global economic growth that may help support demand for the steelmaking ingredient.

“I have just come back from a major trip through Europe and North America and Asia and I’m not seeing industries looking crippled,” Andrew Forrest, chairperson of the Perth-based company, told reporters Wednesday after a mining conference in Perth. “I’m seeing industries looking strong.”

Category: General