Fortescue share price ticks up on wind farm build start as traders look to next week’s output report
Sydney, Jan 17, 2026, 16:56 AEDT — Market closed. Fortescue Ltd (FMG.AX) shares ended Friday 0.3% higher at A$22.82, following the start of construction on a 133-megawatt (MW) wind project in Western Australia. The Australian iron ore miner is advancing its strategy to replace diesel and gas at its Pilbara sites. (Investing.com) With the ASX closed over the weekend, the key question come Monday is if investors see the wind project as a future cost saver or simply another expense, while iron ore prices continue to drive cash flow. That’s important since Fortescue’s profits remain tied to iron ore prices,