Fortescue Metals Group Limited Stock News

Overview The push for a greener economy has led the American and Canadian governments to identify more than 30 minerals as critical commodities. The US government has called for the development of a local supply chain of certain critical minerals –– including battery and platinum-group metals –– that are needed to meet the surging demand from green energy needs. When it comes to sourcing battery and platinum group metals, one type of deposit stands out as a key target. Platreef-style deposits are massive in scale and feature disseminated nickel and copper sulfide mineralization that is enriched with platinum-group elements (“PGE”), gold, chrome, and more. These occur stratigraphically below the high-grade reef-style deposits typically associated with South African PGE mines which are the dominant global source of platinum group metals. Whereas these reef deposits are narrow and require high-cost selective mining methods, the wide widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining methods, resulting in much lower operating costs.

Fortescue Metals Group has pledged $750,000 to provide training, professional development and support for telephone crisis supporters under a three-year partnership with Lifeline WA.

Lifeline says suicide is always preventable and help is always available.

Fortescue shares have gone up. But is it a buy? The post Up 20% in a month: Is the Fortescue (ASX:FMG) share price a buy? appeared first on The Motley Fool Australia .

The iron ore price complex had a big advance on Thursday, with coking coal up 5% at one stage, while spot prices jumped nearly 4%, all fuelled by hopes of recovering steel production after official curbs in the first 11 months of the year. Meanwhile, I thought Fortescue was going green? No sir they

Fortescue Future Industries is looking at repurposing a New Zealand oil refinery. The post Fortescue (ASX:FMG) Future Industries explores NZ oil refinery repurposing appeared first on The Motley Fool Australia .

Incitec Pivot is considering converting its Gibson Island ammonia production facility to run on zero carbon green hydrogen. Read More The post ASX Green Energy Stocks: Fortescue reaches key milestone in Incitec Pivot ammonia collaboration appeared first on Stockhead .

Australian shares ended lower on Wednesday as cautious investors refrained from placing big bets ahead of outcome of the US Federal Reserve''s two-day policy meeting, possibly adding to the pressure on its peers for further tightening. The S&P/ASX 200 index closed 0.7% lower, marking its worst session since Dec. 2. Stock markets across Asia skidded in anticipation that the US central bank would stop buying assets after a hotter-than-expected inflation readings for November. The rapid spread of the Omicron variant is an added complication that could incline the Fed to be less hawkish, though recently officials have sounded more concerned about the persistence of inflation than the pandemic. "The dual threat of increasing virus cases and inflation dampened expectations of the Australian economy entering 2022 on a firm footing," said Kunal Sawhney, chief executive officer, Kalkine Group. Weakness prevailed among all major sub-indexes on the Australian bourse, with gold and tech stocks losing the most.

Solar panels to power up to 100% of daytime operations at Christmas Creek and Cloudbreak mine sites.

Western Australias largest solar farm has kicked off production for iron ore giant, Fortescue Metals Group (ASX:FMG). Read More The post ASX Green Energy Stocks: Alinta and Fortescue switch on WAs largest remote solar farm appeared first on Stockhead .

Fortescue is looking to Africa for iron ore The post Fortescue (ASX:FMG) share price higher on African expansion plans appeared first on The Motley Fool Australia .

Fortescue Metals Group Limited (OTCMKTS:FSUGY) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 113,000 shares, an increase of 213.9% from the November 15th total of 36,000 shares. Based on an average daily volume of 215,600 shares, the short-interest ratio is presently 0.5 []

If there’s one thing that’s raised the hackles of long-term Fortescue Metals Group investors it is the slick marketing campaign run by its green energy subsidiary.

Australian shares recovered from early falls to close flat on Tuesday, as gains in financials countered losses in retailers, while investors braced for a slew of central bank meetings this week, including by the US Federal Reserve. The S&P/ASX 200 index settled 0.01% lower at 7,378.40, clawing back from a 0.5% fall in early trade. Financials rose 0.2%, turning around from a 0.5% early fall, with three of the big four banks climbing between 0.04% and 0.6%. Commonwealth Bank of Australia slipped 0.5%. Retailers were the biggest losers on the benchmark, falling as much as 6% in their worst session since March 2020. The plunge came after Woolworths Group, Australia''s biggest supermarket chain, forecast lower first-half operating income from its domestic food business. Shares of Woolworths dived 7.7%, while those of rival Coles fell 2.7%. Miners climbed 0.6% as iron ore prices remained strong amid tight supply. Rio Tinto, BHP Group and Fortescue Metals rose between 0.05% and 1.4%. The Fed begins its two-day monetary policy meeting later in the day, and it is expected to announce a wrapping up of its bond buying stimulus sooner than previously communicated, potentially setting up earlier interest rate hikes next year.