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FSUMF News and Press, Fortescue Metals Group Ltd. From 06/02/20

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Company Name: Fortescue Metals Group Ltd.
Stock Symbol: FSUMF
Market: OTC

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FSUMF - Copper hits highest since mid-March on China recovery

Copper prices climb to 11-week highs as more signs emerged that the economy in China is extending its recovery from the coronavirus outbreak. More news on: Freeport-McMoRan Inc., BHP Group, Rio Tinto Group, Commodities news, News on ETFs, Read more ...

FSUMF - Iron ore +6% on strong China demand, Brazil supply concerns

China's iron ore futures climb to their highest since 2013 , when the country launched its iron ore futures trading, as robust domestic demand and concerns over supply from key exporter Brazil lifted spot prices to their highest in 10 months. More news on: Rio Tinto Group, BHP Group, Fort...

FSUMF - Iron ore powers past $100/ton; BHP, Rio upgraded at BofA

Iron ore futures ( SCO:COM ) surge to $101.50/ton in Singapore trade, driven by supply woes in Brazil and strong, sustained demand in top steel producer China. More news on: Iron Ore Futures, Rio Tinto Group, BHP Group, Commodities news, Stocks on the move, Read more ...

FSUMF - Downer EDI secures A$450M Eliwana mine contract from Fortescue

Downer EDI ( OTC:DNERF ) secures A$450M ($295.7M) contract from Fortescue Metals ( OTCQX:FSUMF ) Group for early mining and maintenance services at Eliwana iron-ore mine in the Pilbara region. More news on: Downer EDI Limited, Fortescue Metals Group Limited, Fortescue Metals Group Limite...

FSUMF - Fortescue Metals (FSUMF) Presents At Goldman Sachs Asia Materials Virtual Tour - Slideshow

The following slide deck was published by Fortescue Metals Group Limited in conjunction with this Read more ...

FSUMF - Fortescue raises stake in Candente Copper

Fortescue Metals ( OTCQX:FSUMF -1.6% ) invests C$1.38M in Candente Copper, upping its interest to 19.92%. More news on: Fortescue Metals Group Limited, Fortescue Metals Group Limited, Commodities news, Merger & acquisition news, Read more ...

FSUMF - Copper pops to biggest daily gain in a month as investors turn bullish

Copper climbed 3% to $5,318/ton, while nickel and other industrial metals also jumped, according to final closing prices for three-month contracts on the London Metal Exchange, as an easing of coronavirus lockdowns in many countries and hopes for a vaccine spark optimism. More news on: ...

FSUMF - Copper scores fifth straight day of gains as Chinese imports surge

Copper prices ( HG1:COM ) climbed again today after a rebound in Chinese imports of the metal indicates the country's manufacturing and construction sector may be emerging faster than anticipated from the coronavirus slump. More news on: Copper Futures, Freeport-McMoRan Inc., BHP Group, ...

FSUMF - Tata Steel warns on demand

Tata Steel says it needs more funding  due to the scale and length of lockdown disruption. More news on: Nucor Corporation, United States Steel Corporation, Steel Dynamics, Inc., Read more ...

FSUMF - Copper plunges as market prices in slower demand growth

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...

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