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Australian iron ore miner Fortescue quarterly shipments rise 9%

Published 30/01/2020, 08:54 am
© Reuters.  Australian iron ore miner Fortescue quarterly shipments rise 9%
FMG
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Jan 30 (Reuters) - Australia's Fortescue Metals Group Ltd FMG.AX posted a 9% rise in second-quarter iron ore shipments on Thursday, helped by robust demand from top consumer China for the steel-making material.

The world's fourth largest iron ore producer shipped 46.4 million tonnes (mt) of the commodity during the quarter ended Dec. 31, compared with 42.5 mt a year earlier.

RBC Capital Markets expected the miner's quarterly shipments at 46 mt, while UBS pegged them at 46.7 mt.

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