Report
Fortescue warns iron ore production could slow without a China deal by year-end
The Financial Times reports Fortescue's production and financial guidance depend on a deal with state-backed buyer CMRG.
TLDR
The Financial Times reports Fortescue warned it could slow iron ore production if negotiations with China Mineral Resources Group aren't concluded by the end of 2026. Bloomberg reports the miner said the standoff may affect its full-year results after quarterly shipments and sales prices fell. Bloomberg says Fortescue is operating under short-term agreements while the two sides negotiate supply pricing.
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