Fortescue shipments drop 6% as CMRG negotiations weigh on sales

By Samantha Bawden

Friday, 9 October 2026
NewsProjects & Operations
Fortescue (ASX: FMG) reported a 6% year-on-year decrease in iron ore shipments to 46.8mt for Q1 FY27, attributing the decline to maintenance activity, while ongoing negotiations with China Mineral Resources Group (CMRG) weighed on sales volumes.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

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