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Fortescue Profits Plunge 41 Percent on Weak China Demand, Push for ‘Green Iron’ Continues

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26 August 2025
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10,000 New Homes and Train Station Planned for Wealthy Eastern Sydney SuburbAustralian mining company Fortescue reported a 41 percent decline in profit to US$3.4 billion in the 2025 financial year amid a major decline in iron ore prices despite an increase in shipments. The average realised price of hematite fell from US$103 per dry

Read more https://www.theepochtimes.com/world/fortescue-profits-plunge-41-percent-on-weak-china-demand-push-for-green-iron-continues-5906054

  • Previous Article China-Linked Hackers Targeted Southeast Asian Diplomats, Google Says
  • Next Article Finland Condemns Former Hong Kong Chief’s Threat Against Falun Gong, Calling It ‘Unacceptable’

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