Fortescue stock steadies after cost spike jolts FMG — what to watch after the long weekend
Fortescue shares closed Friday at A$21.51, up 0.14%, after plunging 5.1% Thursday on rising unit costs and doubts over the Iron Bridge ramp-up. December-quarter shipments hit a record 50.5 million tonnes, but hematite C1 costs rose to US$19.10 per tonne. The ASX will stay closed Monday for Australia Day, reopening Tuesday.