Fortescue running at full speed, but can we bet on iron ore?

By Elizabeth Knight
Updated January 30 2015 - 1:23am, first published 12:00am
Illustration: Kerrie Leishman.
Illustration: Kerrie Leishman.

Andrew Forrest's Fortescue Metals is running at full speed, chasing the falling iron ore price with cost reductions. If the rate at which the iron ore price has fallen over the past nine months continues it will eventually bulldoze Fortescue's profits.

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