Fortescue reports 1% rise in Q2 iron shipments

Reuters

2025/01/23

Jan 23 (Reuters) - Australian miner Fortescue FMG.AX on Thursday posted a marginal rise in its second-quarter iron-ore shipments, reflecting management of impacts of wet weather in the Pilbara region, with operations supported by healthy inventory through the supply chain.

Chaired by its billionaire founder Andrew Forrest, Fortescue posted quarterly iron shipments of 49.4 million metric tons (mt), compared to a market consensus of 49.2 mt.

The miner reported shipments of 48.7 mt a year earlier.

(Reporting by Shivangi Lahiri and Sneha Kumar in Bengaluru; Editing by Alan Barona)

((Sneha.Kumar@thomsonreuters.com))

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