For anyone concerned about yesterday's Rio storm-related hit to the bottom line, good news for Fortescue investors.
In today's AFR...."Rio Tinto's flagship iron ore has made its weakest start to a year in a decade on the back of wild weather that will cost $150 million to mitigate, while its biggest Pilbara rivals appear to have escaped largely unscathed....The difference between Port Hedland and Rio shows how weather impacts in the Pilbara can be quite localised. Rio's mines are further west than most of BHP's and Fortescue's mines, and therefore closer to the coast."
Phew!....dodged a bullet there!WT
FMG and billions spent on the green bubble - who is WesTig, page-1052
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Last
$14.93 |
Change
0.050(0.34%) |
Mkt cap ! $45.96B | |||
| Open | High | Low | Value | Volume |
| $14.80 | $15.07 | $14.78 | $91.69M | 6.142M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $14.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.94 | 26092 | 7 |
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| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| FMG (ASX) Chart |