ASX:FMG Archives - Money Morning Australia

29/07/2020

The Looming China Risk for Big Aussie Mining Stocks

The immediate risk is clear — China. Today, I’m talking about the largest miners in Australia and give you a special tool you could use to play what I call a ‘fractured’ market. This includes BHP Group Ltd [ASX:BHP], Rio Tinto Ltd [ASX:RIO], and Fortescue Metals Group Ltd [ASX:FMG]...

Carl Wittkopp

25/05/2020

Weekly ASX Market Wrap: Super Retail and FMG Top Movers Last Week

Last week saw some encouraging moves in the sectors, with Information Technology up 5.72% and Materials up 6.11%. On the downside, Health and Utilities fell back 2.42 and 2.34%.

Lachlann Tierney

06/08/2019

Why the ASX Is Down Today: Gold Price, Gold Stocks Rise

Tech sector down, gold miners up - that's the theme today as the US-China trade war boils over.

Lachlann Tierney

02/08/2019

Is this as good as it gets for FMG, Rio and BHP share price?

The FMG, Rio and BHP share prices are strongly correlated as they are all heavily focused on iron ore. But is this as good as it gets for these companies?

Ryan Clarkson-Ledward

08/07/2019

Iron Ore Prices Slump Back Down after Chinese Market Complaints

According to the Australian Financial Review (AFR), a top official on behalf of China’s steel industry said Beijing was getting ready to crackdown on soaring prices.Iron ore market has also been hit by supply disruptions, as weather plagues supply chains. Last month Rio Tinto cut production outlook after issues with its mine, adding further to supply shortages.

Lachlann Tierney

07/05/2019

Iron Ore Price Continues to Rise as Chinese Economy Maintains Strength

Iron ore prices continue to rise, with 58% fines leading the way as the Chinese economy continues to maintain its strength, despite the threat of more tariffs.

Murray Dawes

26/04/2019

Fortescue Metals Group Share Price Dips 5%

Fortescue Metals Group Ltd [ASX:FMG] has slumped 5% to $7.24 in late trading on Friday, 26 April 2019, giving up more gains after hitting a decade high of $8.24 last week. Fortescue has been on a strong bull run over the last few months on the back of a spike in iron ore prices...

Lachlann Tierney

03/04/2019

Broad-Based Gains for Blue Chips: Why the ASX Is Up Today

At time of writing, there have been broad-based gains for blue chip stocks and the ASX 200 is up 39.2 points.

Lachlann Tierney

03/04/2019

Iron Ore Up Further on Weather Disruptions in China & Australia

Iron ore spot prices are up again, close to a multi-year record on weather disruptions in China and Australia. The share prices of Fortescue Metals Group Ltd and Rio Tinto Ltd could benefit.

Lachlann Tierney

29/03/2019

Iron Ore Miners Have a Good Day as Vale Provides Output Update

The major iron ore miners have had a good day today. The gains can be attributed to two events in two countries - China and Brazil.