Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in Perth, Australia.
Australian Market Performance
7D7 Days: -0.9%
3M3 Months: 9.4%
1Y1 Year: 8.7%
YTDYear to Date: 5.4%
Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.0% in that time. As for the longer term, the market has risen 8.7% in the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum. Market details ›
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