Fortescue Quarterly Iron Ore Shipments Rise Five Percent
The Australian miner shipped 48.4 million tons in the third quarter but lowered its Iron Bridge forecast. Weather disruptions impacted production during the period.
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FORTESCUE LTD reported a 5% increase in iron ore shipments for the third quarter, supported by strong performance in its hematite operations despite missing market expectations and facing weather-related disruptions in Australia.
