FSUMF News and Press, Fortescue Metals Group Ltd. From 07/18/22

Freeport McMoRan ( NYSE: FCX ) +4.5% pre-market as prices for copper and other industrial metals prices rebounded on Monday, a move analysts see as a " bear market bounce ." According to Reuters, London Metal Exchange benchmark copper ( HG1:COM ) +2.7% to $7,...

Rio Tinto ( NYSE: RIO ) -2.4% pre-market after warning that labor shortages in Western Australia, continuing COVID lockdowns in China, falling commodity prices and rising inflation would cause " considerable headwinds " and weigh on its underlying earnings in this year's...

The building blocks of our societies are still essential while being more costly. Inflation is a change in price, not the price itself. We look at yields up to 14% as we dig deeper. Co-produced with Treading Softly Inflation is still a hot topic. One point that m...

Chinese steel output has been under pressure for much of the year. Looking at the origins of Chinese iron ore imports, Australia remains the largest source of supply by a mile. While we expect iron ore prices to be supported in 2H22 due to expectations of a recovery in China, the ...

Chinese iron ore futures hit 900 yuan/metric ton (~$135) on Tuesday for the first time in nearly six weeks, as hopes of a demand recovery rose after officials in Shanghai announced an end to a two-month lockdown from COVID-19. According to Reuters, the most-active iron ore futures on the Dali...

Benchmark iron ore futures in China surged nearly 7% on Monday following India's move to raise export duties on some commodities in an attempt to curb inflationary pressures, Reuters reports. India, one of China's major non-mainstream iron ore suppliers, increased export duties for iron ore a...

Iron ore futures in Singapore are on track for their first weekly gain in five, as China slashed its benchmark reference rate for mortgages by more than expected on Friday, lifting hopes for further support to revive its economy. The most-active June iron ore contract in Singapore (SCO:COM) s...

Fortescue Metals (OTCQX:FSUMF) said Wednesday that its billionaire founder Andrew Forrest will become executive chairman, specifically to oversee the group's iron ore business for an interim period when CEO Elizabeth Gaines departs in August. Forrest, who founded Fortescue in 2003, is current...

Fortescue Metals (OTCQX:FSUMF) said on Friday it signed an agreement with nonprofit Industrial Park at TransAlta in Washington state to evaluate ways to convert a former coal mine into a green hydrogen production facility, Dow Jones reports. Fortescue (OTCQX:FSUMF) said it wants to repurpose ...

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...