Fortescue Metals Group Ltd (Fortescue) is a worldwide pioneer in the iron ore industry, perceived for its way of life, development also, industry-driving advancement of a-list framework also, mining resources in the Pilbara, Western Australia.

- At the Macroeconomic Level, the general factors that apply for the industry in which this company operates are limited supply of the iron ore , impact on the climate change , impact of the carbon emissions, regulatory and compliance requirements applicable to the company , company also does the foreign trade so the currency risk, international trade risk , company has business relationships with China and in the current environment of COVID pandemic the international trade has severely impacted . Other factos that can impact the company are :-

o Policy and administrative changes

o Reduced item request

o Reputational harm.

o Increased seriousness of outrageous climate occasions

o Changes in precipitation designs

o Rising ocean levels.

- At the Microeconomic Level , the company- and inand industry-specific factors can be impact on the demand given the global slowdown in business activities and fall in the global commodity prices , safety of employees , impacts of the lockdown in Australia given the pandemic , availability of the labor given the pandemic and other operational regulatory and legal aspects.

- The impact on the future earnings depends how the management feels about the current situations and how confident they are on navigating the current crisis situation.