FSUMF News and Press, Fortescue Metals Group Ltd. From 09/03/21

Iron ore prices have fallen significantly off their peaks - well, we all knew they would at some point. The question is, what comes next? And China is the major market here, so it's China policy that matters. The country is trying to get to grips with the construction industry, a ...

Diversified miners slide alongside base metals prices as Chinese iron ore futures fell more than 8%, after China's factory activity contracted for the first time since April 2020 and restrictions on steel production across the country dimmed prospects of restocking demand. Benchmark January i...

Benchmark iron ore futures in China tumble to their lowest in five months following a warning from BHP on the likelihood of further steel production curbs in the country. In a commodities outlook report, BHP sees a rising likelihood of "stern cuts" to Chinese steel output this year, and the p...

Global miners are dropping as iron ore prices slump to their lowest since April on signs that China will step up production curbs at steel mills. In pre-market action, RIO -4.2%, BHP -1.7%, VALE -1.3%. Also on watch: OTCPK:GLCNF, OTCPK:GLNCY, OTCQX:AAUKF, OTCQX:NGLOY, OTCQX:FSUMF The most act...

solarseven/iStock via Getty Images Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calenda...

BeyondImages/iStock via Getty Images The bull market in iron ore has further to run after riding high for more than two years, likely not returning to a "comfortable position" until 2023 or 2024, Goldman Sachs says. The iron ore bull run began with a supply shock from the Brumadinho dam disas...

menabrea/iStock via Getty Images Democratic Republic of Congo's government says it chose Fortescue Metals (FSUMF) to develop a series of dams that could become the world's largest hydroelectric project. The Grand Inga project's two existing dams, built in 1972 and 1982, have a combined instal...

Fortescue Metals (FSUMF) raises the cost estimate for its Iron Bridge magnetite project in Western Australia to as much as $3.5B, citing labor shortages, rising materials costs as well as unfavorable foreign currency rates, also causing a six-month delay to first production until the end of n...

There's currently a debate whether we're at an early stage of a long-term commodity supercycle or is the recent bull run about to get cut short. The Materials sector, as a whole, and many types of commodities are having the time of their lives. Not all commodities are born equal, ...

Iron ore prices have plunged this week following China's measures aimed at cooling hot industrial commodities, but analysts suspect China's efforts will have only temporary success unless authorities take steps to curb consumption, which could cut economic growth, Reuters reports.Most-active ...