FSUMF News and Press, Fortescue Metals Group Ltd. From 06/12/23

2023-06-12 07:54:33 ET Iron ore futures fell nearly 5% Monday in their first decline after eight straight winning sessions as Goldman Sachs warned China's weak property sector could be a multiyear drag on the country's economic growth. The bank said  it sees persistent problems...

2023-06-09 07:57:50 ET Iron ore futures post their second straight weekly gain, led by optimism that top steel producer China is moving to support its faltering economy, which would boost demand prospects. The most-traded September iron ore ( SCO:COM ) on China's Dalian Commodity Ex...

2023-06-07 08:57:11 ET Copper prices extended gains Wednesday to the highest in nearly a month on the " vague hope " that China will add more stimulus to its economy, boosting metals demand. Stimulus hopes apparently ramped up by data that showed China's overall exports declined muc...

2023-06-06 09:50:27 ET Iron ore futures in China rose Tuesday to their highest levels since mid-April, as hopes grew for more stimulus measures aimed at boosting the beleaguered property sector in the top steel producing country. According to Reuters, the most-traded September iron ore ...

2023-06-05 07:30:00 ET Summary Tidewater Inc. operates an offshore support vessel business, facing risks in tough environments and strict regulations on maintenance and safety. The company's financial stability is affected by the volatility in demand for its services, which is cur...

2023-06-02 09:17:22 ET Asian iron ore prices are rallying Friday, after a surprise rise in Chinese factory activity sparked hopes for improved demand while the passage of the debt ceiling deal in the U.S. Congress helped lift stock markets around the world. According to Reuters, the...

2023-05-12 17:06:37 ET Summary Fortescue Metals Group Limited's iron ore production costs have been rising, and with Australian inflation still high, costs may rise further. Simultaneously, iron ore prices have been declining and Chinese demand for ore may gradually diminish over ...

2023-04-26 06:01:03 ET Summary Mining companies heavily depending on iron ore extraction have booked high margins over the last years on the back of elevated ore prices. The majority of demand for iron ore comes from China, which is why expectations for this economy matter. Un...

2023-04-23 22:10:29 ET Fortescue Metals ( OTCQX:FSUMF ) reported FQ3 iron ore shipments came in flat compared to a year earlier , and said it expects full-year production costs at the lower end of company guidance. The world's fourth largest iron ore producer said its P...

2023-04-21 09:17:32 ET Iron ore futures fell for a third straight session Friday to their lowest since December, as weaker than expected buying interest from steel mills and rising port inventories weighed on spot prices and pressured futures markets. According to Reuters, the most-...