FSUMF News and Press, Fortescue Metals Group Ltd. From 08/27/19

The spread between seaborne iron ore heading to China and iron ore at China's ports has widened to the highest in at least two years, following a rise in shipments from Australia and Brazil as disrupted mines gradually come back on track. More news on: Rio Tinto Group, BHP Group, Vale S....

Fortescue Metals ( OTCQX:FSUMF -1% ) has reported a record net profit after tax of $3.19B for the full year ended June, nearly triple the year-ago profit, and underlying EBITDA soared 90% to also hit a record $6B, thanks to the surge in iron ore prices. More news on: Fortescue Metals G...

Copper prices fall within striking distance of a fresh multi-year low, with Comex September copper sliding another 1.1% today to $2.557/lb. More news on: Freeport-McMoRan Inc., Teck Resources Limited, Southern Copper Corporation, Commodities news, News on ETFs, Read more ...

Iron ore futures in China sank to their lowest in 10 weeks after BHP gave a downbeat outlook for steelmaking raw material prices and warned that global economic headwinds such as the U.S.-China trade war could hurt demand for iron ore . More news on: Rio Tinto Group, BHP Group, Vale S.A...

Today was another ugly day for iron ore prices , with the active contract traded on the Singapore Exchange sliding 3.7% to $US85/metric ton while the active contract on China's Dalian Commodities Exchange sank 4.9%, as the widening rift between the U.S. and China sparking broader fears abou...

China's iron ore futures fall for the seventh straight day to wrap up their biggest weekly drop since March 2018 , with the most-traded iron ore contract on the Dalian Commodity Exchange dropping as much as 5.4% to 628 yuan/metric ton ($89.11) and closing -3.8% on 639 yuan/mt. More news...

Iron ore extends its brutal selloff as the U.S.-China trade war hurts investor appetite for raw materials, at the same time as concerns mount that Chinese demand will weaken as supplies rebound. More news on: Rio Tinto Group, BHP Group, Vale S.A., Commodities news, Read more ...

Jefferies downgrades several miners and reduces its commodity price forecasts, seeing the U.S.-China trade war having a "significant impact" on the global demand for metals and further delaying a cyclical recovery. More news on: Rio Tinto Group, BHP Group, Arch Coal, Inc., Commodities ne...

The iron ore boom is turning into a bust, as most-active futures in Singapore, which retreated 10% last week, plunged as much as 7% overnight to $95.96/metric ton, while the most-traded contract on the Dalian Exchange fell as much as 4% to 704.5 yuan/mt ($101.53). More news on: BHP Gro...

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