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China-australia Relations: Iron Ore Demand Powers Ahead As Fortescue Secures Us$4 Billion In Deals | South China Morning Post

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Australian iron ore mining giant Fortescue Metals Group secured some US$4 billion in iron ore deals at the China International Import Expo (CIIE) in Shanghai as Australia’s most important export continues to withstand rising tensions with China amid proposed bans on a number of other Australian products.The Australian-listed miner signed 12 memorandums of understanding (MOUs) for the purchase of its iron ore with major Chinese steel mills, procurement partners and financial institutions on…

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