Fortescue Metals CEO Dino Otranto discusses China's economic transformation and its impact on the company. He points out that China accounts for 90% of Fortescue's sales.  He sees a transformation of the Chinese market towards a more sustainable and long-term economy, which is beneficial for Fortescue.
Fortescue is the fourth largest iron ore producer in the world. The company is diversifying into green metals, notably by exporting 95% green iron from Australia to China. This initiative is arousing great interest among Chinese steelmakers. Otranto welcomes the energy transition in China, particularly in the steel sector, which is one of the most difficult to decarbonise. He believes that working with China and other countries will help to overcome these challenges.
On iron ore prices, Otranto notes that although demand in China appears to be stagnating, the plateau is at a historically high level. This is favourable for Fortescue. Fortescue has a production cost of $18.24 per tonne, allowing it to achieve exceptional margins at $100 per tonne.

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