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ASX:FMG 26 December 2025 - 29 January 2026

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.
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.
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.
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.
Fortescue Ltd stock ends higher after Zitara deal — what FMG investors watch next week

Fortescue Ltd stock ends higher after Zitara deal — what FMG investors watch next week

Fortescue shares rose 0.4% to A$22.75 after announcing the acquisition of U.S. battery controls firm Zitara to expand its Elysia software unit. The deal adds on-site control systems for battery storage, with plans to deploy the technology in the Pilbara. The S&P/ASX 200 closed 0.5% higher, led by miners. Fortescue’s earnings remain closely linked to iron ore prices amid record Chinese steel exports.
15 January 2026
Fortescue stock rebounds as iron ore firms, filings flag incentive-plan moves

Fortescue stock rebounds as iron ore firms, filings flag incentive-plan moves

Fortescue shares rose 0.9% to A$22.60 at Tuesday’s close, rebounding after Monday’s dip. Iron ore futures climbed in Asia, with Dalian’s May contract up 0.92% and Singapore’s February benchmark up 0.68%, as shipments from Australia and Brazil fell. Fortescue will release its December-quarter production report on Jan. 22. The company reported 86,097 SIP vested rights and 121,426 performance rights converted to shares.
13 January 2026
Fortescue share price drops as iron ore traders look to China data, quarterly update next

Fortescue share price drops as iron ore traders look to China data, quarterly update next

Fortescue shares fell 1.4% to A$22.40, underperforming the broader market as heavyweight miners dragged the index despite gains in energy and gold stocks. Company filings showed 272,520 new employee performance rights issued and 1,309 lapsed in December. About 4.7 million shares traded, up from Friday. Investors await Fortescue’s quarterly production report on Jan. 22.
12 January 2026
Fortescue stock drops today: FMG shares lag ASX ahead of Jan 22 production report

Fortescue stock drops today: FMG shares lag ASX ahead of Jan 22 production report

Fortescue shares fell 1.6% to A$22.35 by late morning in Sydney, underperforming the S&P/ASX 200’s 0.6% rise. Iron ore price swings and speculation over a possible Rio Tinto-Glencore deal dominated trading. Analysts put Fortescue’s 12-month target at A$19.33, with most recommending sell. The company will release its December-quarter production report on Jan. 22.
12 January 2026
Fortescue share price: what to watch before the ASX reopens after Rio-Glencore talks

Fortescue share price: what to watch before the ASX reopens after Rio-Glencore talks

Fortescue closed Friday at A$22.71, down 0.18%, as Rio Tinto’s bid for Glencore revived merger speculation across mining stocks. Iron ore held near $108 a tonne, a key level for Fortescue’s margins. The company will release its December-quarter production report on Jan. 22. Investors remain focused on sector consolidation and Chinese demand.
Australia Stock Market Today: ASX 200 Flatlined — Miners Just Printed a Record Close

Australia Stock Market Today: ASX 200 Flatlined — Miners Just Printed a Record Close

The S&P/ASX 200 closed nearly flat at 8,728.60, while the All Ordinaries edged down to 9,034.7 in the quietest session in over a year. Materials surged 1.8% to a record, with BHP and Fortescue up 1.6% each and Rio Tinto hitting an intraday high at A$150.14. Energy stocks fell as Woodside dropped 1.2% and Santos 1.1%. Traders await November CPI data on Wednesday.
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