By Rhiannon Hoyle
Fortescue Metals Group Ltd. reported a 2% increase in second-half iron-ore shipments and said quarterly costs were 20% higher than a year ago.
The Australian iron-ore miner Tuesday said it shipped 47.5 million metric tons of iron ore in the three months through December. So-called C1 costs rose to $15.31 a wet metric ton, Fortescue added.
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(END) Dow Jones Newswires
January 24, 2022 18:02 ET (23:02 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.