Australia's Fortescue hits more than 5-month high on record shipments

JIANDE INTERNATIONAL HOLDINGS

24/07/2025 04:07

Updates

** Fortescue FMG.AX rises as much as 5.3% to A$19.180, its highest since February 19

** Stock posts its biggest intraday pct gain since April 29

** The iron ore miner posts record fourth-quarter shipments, meets top-end of FY outlook

** Co posts quarterly iron ore shipments of 55.2 million metric tons (Mt), up from 53.7 Mt a year earlier

** Jarden says strong June quarter for FMG

** "Standout performance for us was in cost control" - Jarden

** FMG up 3.4% this year, including session's moves

 (Reporting by Nichiket Sunil & Rajasik Mukherjee in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))