Fortescue Ltd
FMG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.K> | LOCK|^p | LOCK|N#yqqW> |
Fortescue: Strong Volumes and Lower-Than-Expected Unit Cash Costs
Fortescue's fourth-quarter shipments of 55 million metric tons are similar to last year, but are 19% up on the previous quarter. Driven by Iron Bridge, fiscal 2025 shipments of 196 million are 3% higher than fiscal 2024, while hematite unit cash costs of USD 18 per metric ton are broadly similar.
