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.