Showing posts with label Fortescue. Show all posts
Showing posts with label Fortescue. Show all posts

Wednesday, March 28, 2012

Fortescue is a member of China’s spot-trading platform

Fortescue is a member of China’s spot-trading platform
The operator of the China Beijing International Mining Exchange announced that Australian iron-ore mining company Fortescue
David Nealis President of Blue Bridge
 Metals Group Ltd. is now a member of China's iron-ore spot-trading platform.
The trading platform, launched in January 2012, is China's attempt at an iron-ore pricing alternative to global indexes in the physical market. The platform has the support of the China Iron and Steel Association. Fortescue is the fourth biggest iron-ore producer in the world

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?
Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

Monday, February 20, 2012

Fortescue Forcasts Stronger Iron Ore demand From China

David Nealis President of Blue Bridge
Fortescue Forcasts Stronger Iron Ore demand From China.

Australia's Fortescue Metals Group shrugged off worries about a slowdown in Chinese demand for iron ore, vowing to stick with an US$8.4 billion mine expansion plan and forecast China to remain a big buyer in coming years. The company sells 95% of its output to Chinese steel mills, China is the world's biggest buyer of iron ore and plans to nearly triple production by mid-2013. Spot iron ore prices fell 19% in 2011 as China clamped down on liquidity, but have been steady this year around US$140 a ton.
This makes me wonder if Fortescue sees something in the market that I do not see, with the EU slow down which is China’s largest trading partner and the continued restrictions on real estate in China, I am not sure where this increased Chinese demand is going to come from.