09
Feb
00:00
Australian miner, FMG gets boost from US capital
US investment fund Capital Group now owns around 5% of Australian miner FMG after buying shares over the last three months, it says. The news came as a vote of confidence in the miner as it cuts costs to cope with falling iron ore prices, Kallanish notes.
Capital Group has over $1 trillion in assets under management and has made investments in a number of large companies including Amazon and Siemens.
Analysts have estimated 62% Fe iron ore prices have…
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Anonymous
Very good overview of the weekly steel market.
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