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Ellison in $400m bid to rouse iron ore s sleeping giant
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The Recorder - Shelburne Falls businesses frustrated with continued construction
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Fortescue (ASX:FMG) share price rallies 3% to record high after quarterly results
After trading sideways for 7 months, the Fortescue share price is breaking out to new highs.
Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and lows of Slater and Gordon. Kerry takes a techno-fundamental view on stocks, understanding the importance of sound fundamentals supported by a strong technical chart. Current sectors of interest include US sports betting, rare earths, lithium and BNPL.
Maritime Activity Reports, Inc. July 29, 2021
Port Hedland - Australia - Credit: Adwo/AdobeStock
Australia s Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather.
The world s fourth-largest iron ore miner fared better than rivals Rio Tinto and BHP, whose June quarter output dropped because of weather disruptions in Western Australia.
Despite those disruptions, surging prices of the steelmaking ingredient and robust demand from China are expected to drive bumper earnings at miners, with Rio reporting a record first-half performance on Wednesday. Clearly these guys do a good job at managing their operations, said portfolio manager Andy Forster of Argo Investments in Sydney. They obviously have some capital spending to do going forward, but given the volume of cash that they are generating they can all be very
Fortescue s iron ore records come with a warning
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