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Fortescue Ltd (ASX:FMG)


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Fortescue 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.

Fortescue Ltd (ASX:FMG) share price

Fortescue Ltd (ASX:FMG) share price news

ASX Bank Shares
James Dunn

Aussie market notches new 2023 low

The benchmark S&P/ASX200 (INDEXASX: XJO) index share price on Thursday retreated 42 points, or 0.6%, to 6,812.3, its lowest close since October 28, 2022.

Today's ASX news
James Dunn

Miners lead Aussie market higher

The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 12.8 points, or 0.2%, to 6,856, while the broader All Ordinaries (INDEXASX: XAO) index gained 15.6 points, or 0.2%, to 7,045.

Dividend Shares
Cameron Gleeson

Is the dividend party over?

In a higher rate environment with equities offering an underwhelming risk premium, many are questioning whether equities still offer much capital growth upside.

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