FSUMF News and Press, Fortescue Metals Group Ltd. From 04/21/20

Prices of copper ( HG1:COM ) and other industrial metals are broadly lower , as the collapse in oil prices rattles investors and affirms the extent of global demand destruction caused by the coronavirus. More news on: Copper Futures, Freeport-McMoRan Inc., Teck Resources Limited, Commodit...

Australia's Pilbara Port Authority said on Wednesday that iron ore exports to China jumped nearly 22% to 40.43M metric tons in March from 33.26M tons in February, as Chinese demand was curbed by the coronavirus and when the country typically imports less due to its Lunar New Year holidays....

FMG (FSUMF) is one of the largest iron ore exporters in Australia. The company predominantly sells its iron ore to steel mills in China. Therefore, the company is leveraged to China’s recovery and economy stimulus package. Following FMG’s share price decline, the stock is offer...

Tata Steel says it will reduce production at all four of its Europe blast furnaces. More news on: United States Steel Corporation, Nucor Corporation, Steel Dynamics, Inc., Stocks on the move, Commodities news, News on ETFs, Read more ...

Chinese iron ore futures rose more than 5% , the most since July, on worries over supply as more countries including top iron ore producers ordered lockdowns to contain the coronavirus. More news on: Vale S.A., Rio Tinto Group, BHP Group, Commodities news, Stocks on the move, Read mo...

Copper prices ( HG1:COM ) leads a bounce in industrial metals, surging more than 6% on the back of a new wave of U.S. economic stimulus and supply restrictions stemming from coronavirus-related shutdowns, but analysts expect the market's gains will prove short-lived. More news on: Copper...

Copper futures -2.7% to $4,572/metric ton on the London Metal Exchange, extending the metals ~25% YTD swoon amid demand destruction caused by the coronavirus. More news on: Freeport-McMoRan Inc., BHP Group, Southern Copper Corporation, Commodities news, Stocks on the move, News on ETFs, ...

Copper prices plunge to the lowest levels in four years , down as much as 8% to $4,371/metric ton in Asia trading amid forecasts that the coronavirus will cause huge damage to global industrial production. More news on: Teck Resources Limited, Freeport-McMoRan Inc., BHP Group, Commoditie...

Copper prices ( HG1: COM ) slip to their lowest levels since November 2016 among demand worries prompted by the coronavirus outbreak in Europe and the U.S., but today's 1%-4% declines in industrial metals are more measured than in equity and oil markets; May Comex copper -3.2% to $2...

Copper fell to its lowest in more than three years after the U.S. imposed curbs on travel from Europe due to the coronavirus. More news on: Freeport-McMoRan Inc., Teck Resources Limited, Southern Copper Corporation, Commodities news, Stocks on the move, News on ETFs, Read more ...