Why is Fortescue share price down?

Why is Fortescue share price down?

The weakness in the Fortescue share price today appears to have been driven by a sharp pullback in iron ore prices overnight. It isn’t just Fortescue’s shares that are being impacted. Also falling today are fellow mining giant BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO).

Who owns Fortescue Mining?

Andrew Forrest AO
Andrew Forrest AO As Fortescue’s Founder and Chairman, he has led the Company from inception to its Top 10 status on the Australian Stock Exchange, during which time Fortescue invested more than US$27 billion in the resources sector.

Who owns FMG?

The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto….Fortescue Metals Group.

Ore-processing facility, Christmas Creek Mine, Pilbara
Traded as ASX: FMG
Industry Metals and mining
Founded 2003

How do I buy Fortescue shares?

How to buy shares in Fortescue Metals Group

  1. Compare share trading platforms.
  2. Open and fund your brokerage account.
  3. Search for Fortescue Metals Group.
  4. Purchase now or later.
  5. Decide on how many to buy.
  6. Check in on your investment.

Why is FMG so cheap?

Fortescue (ASX:FMG) has Extremely Low Production Cost a Strong Balance Sheet. The integrated nature of Fortescue’s operations through the entire iron ore supply chain helps to produce and ship massive quantities of ore with attendant cost savings.

Who is the CEO of Fortescue Metals?

Elizabeth Gaines
Growing up in Western Australia’s remote Kimberley has left its mark on how Fortescue boss Elizabeth Gaines sees the world and runs the company. She originally joined FMG as a board member in 2013, before taking on the chief financial officer role in 2017 and became chief executive officer in 2018.

Can I invest in Fortescue future industries?

While investors can’t buy into Fortescue Future Industries directly, a holding in Fortescue Metals — the world’s fourth largest iron ore producer — will grant them some exposure to the business. This includes Fortescue Future’s newly announced Global Green Energy Manufacturing Centre.


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