China’s ravenous appetite for iron ore has helped Australian miner Fortescue double its profits and achieve record shipments while making Australian shareholders and governments wealthier with a bumper dividend and royalty payouts. In its 2020-21 financial year results released on Monday, Fortescue said it had more than doubled its net profits to US$10.3 billion and …

The post China-Australia Trade: Iron Ore Miner Fortescue Set Earnings, Shipment Records In Past Financial Year first appeared on Hellenic Shipping News Worldwide. Source