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ASX:FMG News 16 January 2026 - 7 February 2026

Evolution Mining Limited share price slides as gold rout deepens — what to watch next

Evolution Mining Limited share price slides as gold rout deepens — what to watch next

Evolution Mining shares fell 5.6% to A$13.88 after spot gold plunged 3.3% to $4,703 an ounce, triggering forced liquidations as CME Group raised futures margins. Northern Star Resources dropped 8%. The ASX benchmark lost 1%, with miners leading declines. Investors await the Reserve Bank of Australia’s decision Tuesday and Evolution’s half-year results next week.
2 February 2026
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BHP stock slips as China iron ore curbs and copper swings set up the next trade

BHP stock slips as China iron ore curbs and copper swings set up the next trade

BHP’s U.S.-listed shares closed down 0.98% at $64.97 Thursday after China’s state-backed buyer limited iron ore purchases amid contract talks. Fortescue said some Chinese mills are barred from BHP shipments. Copper prices rebounded but analysts warned of weak Chinese demand. BHP’s Jansen potash project cost estimate rose to $8.4 billion, with first production delayed to mid-2027.
23 January 2026
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Fortescue shares sink after costs rise in quarterly report, putting Iron Bridge ramp-up back in focus

Fortescue shares sink after costs rise in quarterly report, putting Iron Bridge ramp-up back in focus

Fortescue shares dropped 5.1% to A$21.48 after the miner reported higher unit costs in its December-quarter update. Quarterly shipments reached 50.5 million tonnes, but hematite C1 costs rose to US$19.10 per wet metric tonne. The company maintained its full-year shipment forecast and reported US$4.7 billion in cash at year-end. Investors await half-year results on Feb. 25 for further margin details.
22 January 2026
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Fortescue share price slips as iron ore prices wobble and brokers turn cautious ahead of quarterly report

Fortescue share price slips as iron ore prices wobble and brokers turn cautious ahead of quarterly report

Fortescue shares fell 0.6% to A$22.26 in after-hours trading Tuesday, extending Monday’s 1.9% drop as iron ore futures hit a two-week low. China’s crude steel output for 2025 fell 4.4% to a seven-year low, while its first shipment from Guinea’s Simandou mine arrived. JPMorgan downgraded Fortescue to “underweight,” cutting its price target to A$19.75. BHP shares also slipped 2% after accepting lower iron ore prices in China contracts.
20 January 2026
Fortescue share price ticks up on wind farm build start as traders look to next week’s output report

Fortescue share price ticks up on wind farm build start as traders look to next week’s output report

Fortescue shares closed up 0.3% at A$22.82 after construction began on a 133MW wind project in Western Australia. The company targets mid- to late-2027 completion, with a fiscal 2026 decarbonisation budget of $900 million to $1.2 billion. Iron ore futures fell on Friday, with Dalian and Singapore contracts both down. Fortescue’s next production report is due Jan. 22.
17 January 2026
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ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

The S&P/ASX 200 closed up 0.48% at 8,903.9, its highest since October, led by gains in banks and tech. Westpac rose 1.8% to A$39.19, Macquarie climbed 2.6% to A$211.86. Energy and lithium stocks fell as oil and China lithium futures dropped. Investors now await key jobs data due Jan. 22.
16 January 2026
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Stock Market Today

Applied Digital stock jumps 25% as AI data-center names rebound — what’s next for APLD

Applied Digital stock jumps 25% as AI data-center names rebound — what’s next for APLD

7 February 2026
Applied Digital Corporation shares jumped 25.52% Friday to $34.95, then slipped to $34.60 after hours. The company reported fiscal Q2 revenue up 250% to $126.6 million and signed leases for 600 MW of data center capacity in North Dakota. Applied Digital broke ground on a new 430‑MW campus in the southern U.S. in January. Financing includes a $100 million promissory note with 8% interest, paid in kind.
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