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Fortescue Ltd (ASX:FMG)

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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 Ltd (ASX:FMG) share price

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Max Wagner

Trade War Relief Helps Push ASX Higher

US President Donald Trump and China’s Xi Jinping have agreed to restart trade talks, sending companies like Bellamy’s Australia Ltd (ASX: BAL) and Fortescue Metals Group Ltd (ASX: FMG) higher.

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