Fortescue Iron Ore Shipments Rise; Cancels Green Hydrogen Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2025
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Should l Buy ?
Source: WSJ
Iron Ore Shipments: Fortescue reported a 4% increase in annual iron ore shipments, totaling 198.4 million metric tons for the year ending June, with production costs declining by 1%.
Cancellation of Projects: The company announced the cancellation of its green hydrogen projects in both the U.S. and Australia.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
