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Miner has 'strategy to diversify' relationship with world's biggest mineral buyer
Australia's Fortescue ships the bulk of its iron ore to China. (Nikkei montage/Source photos by Reuters)
SHAUN TURTON
February 25, 2026 13:03 JST
CANBERRA -- Australian iron ore miner Fortescue on Wednesday reported a 23% rise in half-year net profit to $1.9 billion after shipping a record 100.2 million metric tons of the steel-making ingredient, mostly to China.