Someone's wrong on Fortescue

Mining giants and juniors are cutting costs faster than the iron ore price is falling but the jury is out on Fortescue’s future.

Summary: Iron ore miners are cutting costs faster than the iron ore price is falling and large industry players are not slowing production. The tricky question is whether Australia’s low cost mines are forcing out high cost material from other countries. Investment banks are equally split in their views on Fortescue’s future, meaning one of the banks will be proved wrong.

Key take-out: BHP Billiton and Rio Tinto will survive another fall in the iron ore price, although the smallest miners might struggle.

Key beneficiaries: General investors. Category: Mining stocks.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles