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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.
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The Fortescue Ltd (ASX:FMG) share price is down 33.8% since the start of 2024. It’s probably worth asking, ‘is the FMG share price cheap?’
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The Fortescue Ltd (ASX:FMG) share price is down 32.8% since the start of 2024. It’s probably worth asking, ‘is the FMG share price cheap?’
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The Fortescue Ltd (ASX:FMG) share price is up 5% after the company received a boost from China and announced a major US$2.8 billion deal.
