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.
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.
The Fortescue Metals Group Limited (ASX:FMG) share price is being whacked today. But there’s a logical reason for it: the dividend.
The Fortescue Metals Group Limited (ASX:FMG) share price is coming under pressure as the iron ore price collapses.
The S&P/ASX 200 (ASX:XJO) pushed higher on Monday as ASX reporting season draws to a close. Fortescue (ASX:FMG) and Altium (ASX:ALU) shares are in the news.
The Fortescue Metals Group Limited (ASX:FMG) share price has jumped 5% after the miner’s big final FY21 dividend and result.
