FSUMF News and Press, Fortescue Metals Group Ltd. From 05/10/22

Chinese iron ore futures plunged as much as 7% on Tuesday to their lowest levels in nearly two months, as demand has been slammed by China's lockdowns while supply from major miners continues. The most-active iron ore futures on China's Dalian Commodity Exchange (SCO:COM) closed -4.1% 779 yua...

Copper and aluminum prices fell to three-month lows on Tuesday, on worries over softening demand in light of slowing manufacturing activities in China and the U.S., along with a stronger dollar, expected interest rate hikes in the U.S., and the war in Ukraine, which is pushing up energy price...

Rio Tinto (NYSE:RIO) -3.7%, BHP (NYSE:BHP) -4.2% and Vale (NYSE:VALE) -4.3% pre-market as iron ore on the Dalian commodity exchange in China and the Singapore futures exchange both plunged as much as 11% Monday to the lowest in a month on rising fears that the COVID-19 lockdown that has ...

EV adoption is accelerating as governments and corporations work towards meeting climate change-related emissions reduction targets. Industry forecasts have EVs reaching a 36% penetration rate by 2030, representing a $1.4 trillion opportunity. Original equipment manufacturers (OEM...

Many of the trends are impacted by the current Russia-Ukraine war and the need for the West to become independent from Russia. Top 5 trends for 2022 and beyond: Rapid adoption of EVs and a huge demand wave for EV metals. Renewable energy and energy security & independence. Bas...

Benchmark iron ore futures in China jumped 4% on Wednesday, Reuters reports, hitting their highest level in more than eight months, as trading resumed after a holiday break. Most-active iron ore futures on the Dalian Commodity Exchange (SCO:COM) rose as much as 4.1% to 945 yuan/metric ton ($1...

Iron ore prices extend their recent rally, as markets expect robust restocking demand in China when COVID-19 restrictions are lifted, Mining.com reports. The most-traded Dalian iron ore (SCO:COM) for September delivery ended daytime trade +3% at 895 yuan/metric ton ($140.90) after touchi...

German energy producer E.ON (OTCPK:EONGY) and Australia's Fortescue Future Industries (OTCQX:FSUMF) say they signed a memorandum of understanding to jointly supply and distribute hydrogen from renewable sources in Europe, as the continent seeks to reduce its dependency on Russian energy. E.ON...

DTH invests in high yield stocks of developed countries excluding North America. More than half of asset value is in Japan, the U.K. and Australia. It is heavy in financials, materials and communication. Inflation-adjusted total return after tax since inception is close to fla...

BHP & RIO have both now entered the Green Iron Ore space via hydrogen and other renewable energy sources, meaning FSUGY is no longer a lone player in the space. Competition in the space validates Andrew Forrest's vision, and will have further flow-on effects to help achieve decarb...