FMG News: Fortescue First-Quarter Shipments Down, Costs Up - 26th Oct 2023, 10:46am

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Fortescue Metals Group on Thursday said first-quarter iron-ore shipments fell by 6% on-quarter and costs rose. The world’s fourth-largest iron ore producer reported shipments of 45.9 million metric tons for the three months through September, down from 48.9 million tons the quarter immediately prior. Fortescue reported a Pilbara hematite C1 cost of $17.93 a wet ton for the quarter, up from $17.57 a wet ton the three months prior.

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