Fortescue Metals Group: A Dividend King With Many Tailwinds
Photo by dt03mbb/E+ via Getty Images
1. Introduction
Copper and iron ore are the new “gold” in 2021. The iron ore prices gained more than 120% and copper prices rose by nearly 90%. This is a result of a strong demand from Asia which is not fully covered by current supply. China is currently buying high-quality iron ore. “China is overproducing at the moment. We would expect to see some slowing down in the second half.” China’s drive to reduce steelmaking emissions has sparked record price premiums…
