Fortescue’s Iron Ore Shipments Fall 6% on Derailment, Weather

Bloomberg04-24

(Bloomberg) -- Fortescue Ltd., the world’s fourth-biggest iron ore miner, said shipments of the steelmaking material in 2024’s first three months fell 6% from the year before, reflecting the impact of...

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Tech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap. Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings. Ray Dalio’s Famous Trade Is Sputtering, Investors Bailing. The company exported 43.3 million tons of iron ore in its third quarter, it said in its production report released Wednesday. Guidance for its full year remained unchanged at between 192 million tons and 197 million tons, although it said output will likely be in the lower end of the range due to the derailment and weather impacts.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FMG.AU":"FORTESCUE LTD","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4551":"寇图资本持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4574":"无人驾驶","BK4548":"巴美列捷福持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","TSLA":"特斯拉","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","BK4550":"红杉资本持仓","BK4592":"伊斯兰概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4534":"瑞士信贷持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4585":"ETF&股票定投概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","BK4588":"碎股"},"translate_title":"Fortescue的铁矿石出货量因出轨和天气而下降6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FMG.AU":1,"TSLA":0.8},"content_text":"(Bloomberg) -- Fortescue Ltd., the world’s fourth-biggest iron ore miner, said shipments of the steelmaking material in 2024’s first three months fell 6% from the year before, reflecting the impact of an ore car derailment at the end of last year along with weather disruptions.\nMost Read from Bloomberg\n\nTaylor Swift Is Proof That How We Critique Music Is Broken\nTech Giants Roar as Tesla Spikes in Late Hours: Markets Wrap\nTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings\nRay Dalio’s Famous Trade Is Sputtering, Investors Bailing\nBiden’s New Chopper Is Demoted After Scorching White House Lawn\n\nThe company exported 43.3 million tons of iron ore in its third quarter, it said in its production report released Wednesday. Guidance for its full year remained unchanged at between 192 million tons and 197 million tons, although it said output will likely be in the lower end of the range due to the derailment and weather impacts. \nLed by billionaire Andrew Forrest, Fortescue has been making headlines in recent years for its string of deals designed to become a major producer of clean fuels and particularly green hydrogen — yet iron ore remains its revenue-earner. Prices of the material, which slumped 29% in the reporting period due to woes in China’s steel-intensive property sector, have rallied this month amid signs an of economic recovery in the Asian powerhouse.\nMost Read from Bloomberg Businessweek\n\nA Hedge Fund Billionaire’s Cash Helped Fund a ‘Predatory’ Lender\nHow a Massive Hack of Psychotherapy Records Revealed a Nation’s Secrets\nBig Junk Food’s Campaign to Get You Eating Doritos and Oreos for Dinner\nChina’s Bubble Tea Boom Creates a Half-Dozen Billionaires\nSkip the Robotaxi—Tesla Investors Want a Cheap EV\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429124097"}