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Fortescue 2Q Iron Ore Shipments, Costs Higher

   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.

 

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

January 24, 2022 18:02 ET (23:02 GMT)

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