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Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.
Fortescue Metals Limited (ASX: FMG), BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) share prices are tumbling today. Here’s why.
The S&P/ASX 200 fell 0.8% on Friday, erasing the week’s gains and ultimately leaving the index down three points for the week.
Fortescue Metals (ASX:FMG) announced a new framework for its Solomon Hub, it’s the largest ever awarded to an Aboriginal business
The Rio Tinto Limited (ASX:RIO) share price dropped by 5% on Friday as the iron ore price continued its dramatic fall.
The Fortescue Metals Group Limited (ASX:FMG) share price has sunk 8% in early trading and it’s down by 26% over the last month.
Dip buyers emerged on Friday after the week’s sell-off with the S&P/ASX 200 (ASX: XJO) finishing 0.5% higher. Here’s what you need to know.
Deterra Royalties Ltd (ASX: DRR) is arguably the most simple business on the ASX, with high profit margins, 6.3% gross dividends and low-risk commodity exposure.
The S&P/ASX 200 (ASX: XJO) finished broadly flat on Tuesday, dragged lower by the materials sector, including Rio Tinto (ASX:RIO).
The S&P/ASX 200 (ASX:XJO) recovered throughout the day to deliver a five-point gain on Monday. Fortescue (ASX:FMG) shares are making headlines.
