This was announced on the morning of the 10th Nov., so its most likely not the cause.
According to the AFR:
"Shares in Fortescue Metals Group climbed 9.7 per cent by mid-afternoon in a bullish investor response to comments this morning from the company’s chief executive regarding a war chest for spending on renewables."
They're referring to this article:
https://www.copyright link/companies/mining/fortescue-says-clean-energy-warchest-safe-from-iron-ore-slump-20211110-p597tx
Who knows... it doesnt sound like an article that would move a company by 10%.
Why the big price rise tiday?, page-6
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