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 S&P/ASX 200 (INDEXASX:XJO) is set to open lower on Wednesday. Nuix (ASX:NXL) and Fortescue (ASX:FMG) shares are in the news.
According to reporting by the Australian Financial Review, Fortescue Metals Group Limited (ASX:FMG) is close to securing a $100 billion project in Africa.
The S&P/ASX 200 (ASX:XJO) is expected to edge higher when the market opens on Thursday. ASX resources shares are in the news.
The rise in iron ore prices has propelled BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) shares. However, it’s not all roses.
The S&P/ASX 200 (ASX:XJO) managed to finish just 0.2% higher on Monday. Zip (ASX:Z1P) and Fortescue (ASX:FMG) shares are in the news.
The S&P/ASX 200 (ASX:XJO) dropped the most in three months on Wednesday. EML Payments (ASX:EML) and Appen (ASX:APX) shares are in the news.
The S&P/ASX 200 (ASX:XJO) finished the week on a positive note, moving 0.5% higher on Friday and retaking the 7,000 point level.
The government has announced a number of key measures that could benefit the following industries. So, here are some ASX shares you may want to add to your watchlist.
There are some high-quality ASX blue chip shares that I’d want to own in my portfolio, including Wesfarmers Ltd (ASX:WES).
