Fortescue Metals Group CEO Elizabeth Gaines stated that this major iron ore producer would be looking for new mines, and new metals. This is an interesting indicator for me as she lists gold, copper, and lithium as new targets. This shift is not lack of focus, quite the opposite it merely illustrates the demand for metals required for the future. For those that may not know copper and lithium is notably used in the electric vehicle market and in batteries for energy storage. Gold is still arguably the foundation of economy but also used in electronics. This diversification does not show any weakness in the iron market, quite the opposite I believe it shows that Gaines acknowledges the need and demand for copper and lithium. She has further added that the company will focus on South America, namely Ecuador and Argentina. Where is the demand: China.