ASX:FMGMetals and Mining
Fortescue (ASX:FMG) Valuation After 52‑Week High on Green Steel and Stronger Iron Ore Prices
Fortescue (ASX:FMG) is back on traders’ radars after punching up to a new 52 week high, helped by firmer iron ore prices and growing interest in its hydrogen based steelmaking partnership with Taiyuan.
See our latest analysis for Fortescue.
That move to A$22.98 caps a strong run, with a roughly 15% one month share price return and around 25% one year total shareholder return. This suggests momentum is building as investors re-rate Fortescue’s green iron and decarbonisation push.
If...