3 articles
Fortescue Ltd.'s full-year profit fell 15% to $2.9 billion as trade restrictions from China impacted key iron ore exports. The miner also recorded a $525 million impairment on its Iron Bridge project
China's state-backed buyer CMRG is pressuring Fortescue Ltd. by restricting cargoes and delaying purchases amid stalled negotiations over supply terms and discounts, potentially impacting global iron
Iron ore prices rose after China restricted purchases from Fortescue Ltd., buoyed by low valuations and stimulus expectations despite a prior 12% slump. Analysts warn of shrinking steel profits and we
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