FSUMF News and Press, Fortescue Metals Group Ltd. From 11/23/21

China's iron ore futures surged overnight, sending global mining shares higher, as steelmakers look to resume production following government orders for strong controls in the past few months. Iron ore traders say the market is trading on expectation of rising steel production in December, ac...

Global iron ore miners enjoy strong gains, with iron ore prices rising after announcements in China ranging from potential economic easing measures to expectations of more support for the property sector. Vale (VALE +6.8%) rises as much as 8.5% - the most intraday since May 2020, according to...

COP26 goals for carbon reduction targets of 50% by 2030 & 100% by 2050 put the building sector (responsible for 39% of global CO2 emissions) on notice. Fortescue Metals Group's investment in Fortescue Future Industries hydrogen power will create the world's first 'green iron ore' ...

Fortescue Metals (OTCQX:FSUMF) and Argentina's government say they plan to spend as much as $8.4B on green hydrogen production in the country, with a view to producing green hydrogen on an industrial scale. Agustin Pichot, the Latin America head of Fortescue Future Industries, the company's g...

Global mining shares are indicated lower as base metals prices turn broadly lower after China launched measures to fight its energy crisis that threatens the country's economic growth. RIO -4.1%, VALE -1.7%, BHP -1.1%, AA -1.7%, CENX -1.5%, TECK -1.7%, FCX -1.1%. Also on watch: OTCPK:GLCNF, O...

Southern Hemisphere: Sun Cable announcement concerning Australia-Asia PowerLink involving 4,200 km of HVDC cabling, partnership with the Indonesian Government and providing up to 15% of Singapore’s electricity. Sun Cable’s Australia-Asia PowerLink project involves huge s...

Global miners are poised for strong gains today as iron ore prices jumped 10% in Singapore overnight, extending iron ore's surge since a September low to nearly 50%. Iron ore's big three are all higher pre-market - VALE +2.6%, BHP +2.7%, RIO +3.2% - as well as steel producers including X +1.9...

Rio Tinto (NYSE:RIO) -6.6%, BHP (NYSE:BHP) -5.4% and Vale (NYSE:VALE) -4.9% pre-market as iron ore futures in Singapore tumble well below $100/ton following further steel industry curbs in China. Australia's top three iron ore miners - Rio, BHP and Fortescue (OTCQX:FSUMF) - have lost a c...

Iron ore futures in China sink to nine-month lows, extending the recent selloff as data showed August steel production in the country falling 13% Y/Y. China's crude steel production fell for the third straight month to 83.24M metric tons, according to the National Bureau of Statistics, sendin...

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 ...