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(Bloomberg) -- Fortescue Metals Group Ltd., Australiaâs third-largest iron ore miner, posted a 40% drop in full-year profit, as record shipments for the year failed to offset steep declines in prices for the steel-making material amid an economic slowdown in China.
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>>> Read more: Fortescue Profit Slumps Despite Record Iron Ore Shipments
Most Read from Bloomberg
Powell Heaps Pressure on Risk Sentiment as More Catalysts Loom âInflation Feverâ Is Finally Breaking â But Central Banks Wonât Stop Hiking Rates Singapore Unveils Long-Term Work Visa...
>>> Read more: Fortescue Profit Slumps Despite Record Iron Ore Shipments
