Fortescue warns China talks risk operations
Fortescue warned its operations could face disruption if talks with China state buyer CMRG fail to conclude by year end. The miner reported lagging quarterly sales and rising costs as shares fell to their lowest level since June 2025.
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Fortescue warned during Thursday morning operations that ongoing supply talks with China could disrupt production if unresolved by year-end. The warning accompanied first-quarter results showing sales trailing shipments as inventory piled up at ports. The dispute highlights escalating commercial friction between Australia miners and state-backed buyers over pricing terms.
