Fortescue's Q3 Iron Ore Shipments Tick Up 5% but Fall Short of Estimate
Fortescue reported a modest rise in iron ore shipments for the third quarter, driven by stronger hematite volumes and notable gains at its Iron Bridge project. Despite a year-on-year improvement, quarterly shipments narrowly missed the Visible Alpha consensus. The miner also trimmed its Iron Bridge shipments outlook after weather-related disruption…