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 ASX 200 (ASX:XJO) has risen 0.6% in early reaction to the news that the US and China have made some small concessions to each other.
Is it time to buy BHP Group Ltd (ASX:BHP) and Fortescue Metals Group Limited (ASX:FMG) shares?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.45% at lunch.
The Fortescue Metals Group Limited (ASX:FMG) share price has gone up by over 3% after the miner made a debt-related announcement.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.60% at lunch.
The Fortescue Metals Group Limited (ASX:FMG) share price will be on watch this morning after it reported its FY19 result (and also the latest from the ongoing trade war).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO) is expected to have a painful day today with investors worried about the trade war again.
A decade after the last high, the ASX 200 (INDEXASX:XJO)(^AXJO) has finally topped its previous all time high.
The Fortescue Metals Group Limited (ASX:FMG) share price has fallen more than 4% after the release of its June 2019 quarter report.
