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FMG shares break $20 on fresh iron ore high

Underwhelming Vale guidance good for Pilbara rivals

Kristie Batten
An FMG truck carrying iron ore in the Pilbara

An FMG truck carrying iron ore in the Pilbara

The Brazilian major cut its 2020 guidance overnight from "at least" 310 million tonnes to 300-305Mt. Guidance for 2021 of 315-335Mt was below analysts' forecasts of 340-350Mt. The news came as the...

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