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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.

Iron ore prices, China market shift yield extraordinary gains for FMG Iron ore prices, China market shift yield extraordinary gains for FMG Iron ore prices, China market shift yield extraordinary gains for FMG Iron ore prices, China market shift yield extraordinary gains for FMG Iron ore prices, China market shift yield extraordinary gains for FMG

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