FMG News: Davos 2023-Fortescue sees renewables overtaking iron ore business - 21st Jan 2023, 12:47am

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By Divya Chowdhury and Anisha Sircar

DAVOS, Switzerland, Jan 20 (Reuters) - Renewable energy is likely to eventually overtake Fortescue Metals Group's iron ore business, despite strong tailwinds for the commodity ahead, the company's former chief executive officer Elizabeth Gaines said at Davos.

Fortescue would continue growing its iron ore business, but the scale of the world's green energy transition would boost demand for renewable energy far more, said Gaines, non-executive director and gl...

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