Hard to say which approach would succeed, maybe both would fail and then FMG becomes a utility company selling solar powered electricity, and WDS changes to LNG and ammonia fertilizer supplier. As iron export and crude oil prices are most likely to decline when cars switch to EV and more iron mines go to production. There are reasons why both stocks were dumped to bargain prices.
https://discoveryalert.com.au/news/lithium-sulfur-batteries-energy-storage-2025/ New battery techs like that with 10x more energy density are fast emerging and would likely render the green hydrogen approach obsolete.
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FMG
fortescue ltd
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$15.73

POWER!!!! Fortescue Future Industries, page-6042
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Last
$15.73 |
Change
0.070(0.45%) |
Mkt cap ! $48.43B |
Open | High | Low | Value | Volume |
$15.65 | $15.77 | $15.36 | $101.0M | 6.426M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5 | $15.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.74 | 15541 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 15.710 |
1 | 63 | 15.700 |
1 | 1250 | 15.670 |
2 | 1076 | 15.660 |
4 | 1280 | 15.650 |
Price($) | Vol. | No. |
---|---|---|
15.750 | 8808 | 3 |
15.760 | 1002 | 1 |
15.770 | 14458 | 4 |
15.780 | 3000 | 2 |
15.790 | 2200 | 1 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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FMG (ASX) Chart |