Keyword Analysis & Research: fortescue metals group news

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Is Fortescue Metals Group engaged with China's state-owned iron ore buying desk?

Fortescue Metals Group has confirmed it has had early engagement with China’s state-owned iron ore buying desk as the ball begins to move on Beijing’s move to up-end the iron ore market.

Is the Fortescue share price about to fall 20%?

Some analysts don’t think so. The Australian reported on a recent broker change on the business, Credit Suisse reduced its rating to underperform with a price target of $17.20. That suggests the Fortescue share price could fall by more than 20% over the next year.

What is Fortescue working on?

One of the main things that Fortescue is working on is its green energy plans to produce large quantities of green hydrogen, as well as becoming a leader of high-performance batteries through its WAE division.

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