Fortescue (ASX:FMG) share price under the spotlight on Q4 update
Jaz Harrison
July 29, 2022
The Fortescue Metals Group Limited (ASX:FMG) share price is in focus this week after the iron ore giant released its Q4 update.
Fortescue Metals Group Limited (ASX:FMG)
Materials
share price: (end of day)
This chart compares the share price to Vanguard Australian Shares Index ETF (ASX: VAS). The chart compares price return only.
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Fortescue Metals Group Limited (ASX:FMG) business model
Fortescue Metals Group Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.
Share price return (6m)
Today's Fortescue Metals Group Limited (ASX:FMG) share price analysis & news
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Fortescue (ASX:FMG) share price under the spotlight on Q4 update
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The Fortescue Metals Group Limited (ASX:FMG) share price is in focus this week after the iron ore giant released its Q4 update.
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The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) ended slightly higher on Wednesday despite the Liontown Resources Ltd (ASX: LTR) share price and Pilbara Minerals Ltd (ASX: PLS) share price taking a bath following concerns over lithium prices.
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The S&P/ASX 200 (ASX:XJO) gained 1% on Wednesday on the back of a 2.5% jump in the materials sector as Fortescue (ASX:FMG) made headlines.
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The Fortescue Metals Group Limited (ASX:FMG) share price is under the spotlight after announcing leadership changes at the business.
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