FMG conducted business in RMB in China

2023-03-31 16:44:02 70

Fortescue Chief Executive Officer, Elizabeth Gaines, said“Fortescue has recently established a new wholly owned sales entity in China to support our customers through direct supply from regional Chinese ports, providing customers with an option to purchase smaller volumes, in Renminbi. This entity will complement our existing contractual seaborne arrangements with our first Renminbi transactions completed in June 2019.”(FMG)

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