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MINER'S RIGHT
Iron ore prices, China market shift yield extraordinary gains for FMG
The global hunt for yield is turning mining companies into banks in the eyes of investors as they quit traditional income-generating favourites for fat but high-risk returns available from some miners, with no better example than Australia’s iron ore star, Fortescue Metals Group.
Over the past six months, as the share prices of banks have crashed under the weight of the COVID-19 pandemic and government restrictions on dividends, FMG has boomed - but not solely because of a rising...
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