Fortescue (FMG) share price slips as Port Hedland clears for cyclone risk
Fortescue shares fell 1.2% to A$21.23 Friday as Pilbara Ports began clearing Port Hedland and nearby ports due to a cyclone threat. The S&P/ASX 200 dropped about 2%. Iron ore prices slipped to $100 a tonne. Markets await weekend port updates and Fortescue’s half-year results on Feb. 25.