Fortescue Ltd

FMG: XASX (AUS)

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Fortescue: Soft First Quarter on Lower Volumes and Realized Prices Along With Higher Unit Costs

Jon Mills

Oct 22, 2026

Fortescue's first-quarter shipments of 46 million metric tons were 6% lower on a year ago and 11% down on the prior quarter. Sales volumes were 4 million below shipments as it negotiates with China Mineral Resources Group, which, with higher diesel costs and inflation, sees unit costs up 21%.

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Fortescue Ltd

Fortescue: Soft First Quarter on Lower Volumes and Realized Prices Along With Higher Unit Costs

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