Markets

Investors are turning on Fortescue because of its strong China ties

At just $1.46 a share, Fortescue stock (FMG) is at its lowest level since 2008 when founder Andrew Forrest fought hard to keep his company afloat. Since then he has strengthened ties with China, experimented with using yuan in its trades, and added token Chinese steelmaker Hunan Valin onto its […]
Investors are turning on Fortescue because of its strong China ties