Pilbara killer squeezes the brains out of Fortescue
The Pilbara killer is eating Fortescue. This is from its quarterly update yesterday. Iron ore sales of 42.9Mt were below shipments, reflecting impacts from ongoing negotiations with China Mineral Resources Group (CMRG). Hematite C1 unit cost of US$21.98/wet metric tonne (wmt) in Q1 FY27. Higher diesel prices increased C1 unit costs by approximately US$1.40/wmt relative The post Pilbara killer…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
