FSUMF - Fortescue Metals Group Is Well-Positioned Out Of COP26

• COP26 goals for carbon reduction targets of 50% by 2030 & 100% by 2050 put the building sector (responsible for 39% of global CO2 emissions) on notice.
• Fortescue Metals Group's investment in Fortescue Future Industries hydrogen power will create the world's first 'green iron ore' and provide alternative revenue streams.
• China's recently announced reduction in Iron Ore imports and reduced carbon footprint means steel producers will look for green alternatives to traditional iron ore.
• Hydrogen power is estimated to be cheaper than fossil fuels by 2025, creating an opportunity for Fortescue to branch out.
• Fortescue's founder Andrew Forrest has a track record of project cost overruns and failures, but his foresight and vast resources give this project a huge advantage compared to his past.

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