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Does MM prefer FMG or RIO?

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Does MM prefer FMG or RIO?

Hi James Interested in your thoughts on FMG relative to RIO as an Iron Ore play with a medium term view of say 3-5 years. Many thanks Alex

Answer

Hi Alex,

As the chart illustrates they have moved in tandem over recent years but if I was to pick one as an iron play over the next 3-5 years is would probably be Fortescue (FMG), simply because RIO has dropped the ball on many fronts in recent times from a social perspective. One aspect we do need to think about with FMG is Twiggy Forrest’s determination to go into hydrogen which will cost money.

chart
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Fortescue Metals (FMG) v Rio Tinto (RIO)
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