FSUMF News and Press, Fortescue Metals Group Ltd. From 10/27/22

Fortescue Metals ( OTCQX:FSUMF ) reported Thursday a 4.2% increase in Q1 iron ore shipments , helped by higher production at its key operations in Western Australia, but costs were sharply higher. The miner said it shipped 47.5M metric tons of iron ore in the September quart...

Summary As China’s economy gets weaker, the country’s steel industry and those companies supplying it with raw materials like iron ore now face a bleak future. As they head into the second half of the year, the steel manufacturing industry's profitability has already...

Summary DTH invests in high yield stocks of developed countries, excluding North America. 52% of assets is in 3 countries: Japan, the U.K. and Australia. 54% is in 3 sectors: financials, materials and communication. Valuation looks attractive, but inflation-adjusted total ...

Summary Major Drilling is the leading contractor in the mining drilling space, with particular strength in specialized core drilling in challenging physical conditions for senior miners. Topline and margins have been in rapid rise since 2018 although market sentiment remains blas&...

Fortescue Metals ( OTCQX:FSUMF ) unveiled a $6.2B plan Tuesday to eliminate the use of fossil fuels and achieve "real zero terrestrial emissions" across its iron ore operations by 2030. The plan includes $3.2B to construct an additional 2-3 GW of renewable energy generation ...

Summary Fortescue finishes off FY22 with a strong Q4 operational performance. The near-term guidance isn't as rosy, however, particularly on the cost and capex run-rate. With FFI spending needs also weighing on the future capital return, the risk/reward seems unfavorable. ...

NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for 12,000 U.S. and global securities, today announced the second quarter 2022 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, incl...

Copper futures rose to their highest in two weeks on Tuesday on optimism over new infrastructure projects in top metals consumer China. Local governments in China issued more than twice the amount of special bonds for infrastructure last month than in May and the highest monthly...

Copper prices are poised for their first weekly rise in seven weeks on Friday, as investors returned to riskier assets after easing expectations for U.S. interest rate hikes, helping dollar-priced metals. According to Reuters, benchmark copper ( HG1:COM ) on the London Metal...

Freeport McMoRan ( NYSE: FCX ) +4.5% pre-market as prices for copper and other industrial metals prices rebounded on Monday, a move analysts see as a " bear market bounce ." According to Reuters, London Metal Exchange benchmark copper ( HG1:COM ) +2.7% to $7,...