Fortescue posts record first-quarter iron ore shipments

By Kitco News / October 27, 2021 / www.kitco.com / Article Link

Oct 28 (Reuters) - Fortescue Metals Group said onThursday its iron ore shipments rose 3% to a record level in thefirst quarter.

The world's fourth-largest iron ore miner shipped 45.6million tonnes (mt) of the steel-making commodity in theSeptember quarter, compared with 44.3 mt a year earlier. It beatan RBC Capital Markets estimate of 44.7 mt.

(Reporting by Sameer Manekar and Nikhil Kurian Nainan inBengaluru; Editing by Devika Syamnath)

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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