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FMG hits all-time high on record quarter

Iron ore major Fortescue Metals Group shares reached a new record today after its production exceeded forecasts.

FMG hits all-time high on record quarter FMG hits all-time high on record quarter FMG hits all-time high on record quarter FMG hits all-time high on record quarter FMG hits all-time high on record quarter

Fortescue Metals Group CEO Elizabeth Gaines

The June quarter marked a new record for shipments of 47.3 million tonnes, 2% higher than the same quarter of 2019.

Full-year shipments were 178.