Beijing Briefing is our weekly round up of China news and analysis

Iron giants: Gina’s gunning for Twiggy, and it ain’t gonna be pretty

Michael Sainsbury The price of iron ore got some respite last week, but it is likely to be only a dead cat bounce as market analysts took their axes to forecasts yet again. Although it has risen from a 10-year low of US$46.70 per tonne closing at US$50.80 last night , many analysts have cut

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How Big Iron’s mistake cost you billions

Michael Sainsbury As the iron ore price stopped plunging this week — it closed last night at US$47.60, up a measly 30 cents and only a couple of bucks off its 10-year low, and the simple rules of supply and demand dictate that it will slump again — a fresh roadblock has appeared in the way of Australian producers. The

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Is it time for Twiggy to play his Chinese joker?

  Michael Sainsbury The price of iron ore is still falling, with Fortescue Metals Group facing total wipeout. But there may be a way to save the company — look to the East … Down and down and down it goes (taking Australia’s terms of trade with it); where it stops, nobody knows. As the benchmark iron

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China

Michael Sainsbury A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits. Andrew Forrest and his company Fortescue Metals Group are staring into the abyss. The corporate undertakers have their tape measures out; they are beginning

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