Australia's Fortescue Metals Group Q2 iron ore shipments fall

By Reuters / January 29, 2018 / www.kitco.com / Article Link

Jan 30 (Reuters) - Fortescue Metals Group Ltd on Tuesday reported a 4-percent decline in second-quarter iron ore shipments, in line with analyst estimates.

The world's fourth-largest producer of iron ore said shipments fell to 40.5 million tonnes in the three months ended Dec. 31 versus 42.2 million tonnes in the same period a year ago.

UBS had forecast a figure of about 40.5 million tonnes.

(Reporting by Aditya Soni in Bengaluru; Editing by Chris Reese)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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