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 dream run from Fortescue Metals Group Limited (ASX:FMG) shares could soon be over, despite a promising quarterly report.
BHP Group Ltd (ASX: BHP) shares fell 2% today after it released its report covering activities for the nine months ended 31st March 2019.
South32 Limited (ASX:S32) shares have been hit by a downgrade from broker giant Goldman Sachs.
Fortescue Metals Group Limited (ASX:FMG) shares have continued their climb today, up another 2% an hour after market open.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.77% at lunch.
The Fortescue Metals Group Ltd (ASX:FMG) share price has experienced huge gains year-to-date and today announced approval of the FMG Magnetite Project.
The Fortescue Metals Group Ltd (ASX:FMG) share price fell almost 7% today.
The Nufarm Limited (ASX:NUF) share price flopped 20% lower today on the back of their half-year results for the period ending 31 January 2019.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.26% at lunch.
