FSUMF - Larger Rivals Are Entering Fortescue Metals Group's Hydrogen Space But Here's Why That's A Good Thing
- BHP & RIO have both now entered the Green Iron Ore space via hydrogen and other renewable energy sources, meaning FSUGY is no longer a lone player in the space.
- Competition in the space validates Andrew Forrest's vision, and will have further flow-on effects to help achieve decarbonisation or iron ore.
- FSUGY shareprice has been extremely volatile in the past 6 months, however, I believe we will now see a level of stability.
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Larger Rivals Are Entering Fortescue Metals Group's Hydrogen Space, But Here's Why That's A Good Thing