Instrument Summary
Fortescue Metals Group is a West Australian mining company. Headquartered in Perth, Australia, Fortescue is known globally for its prowess in the exploration, development and marketing of iron ore. Founded in 2003 by Chairman Dr. Andrew Forrest, the company serves customers in Japan, South Korea and China. Since 2008, Fortescue has been a core supplier of seaborne iron ore to China. For the year 2020, the company shipped 178.2 metric tonnes of iron ore, generating US$4.7 billion in net profits.
Shares of FMG stock are listed for trade on the Australian Stock Exchange (ASX). Fortescue shares may be publicly traded over-the-counter in the U.S. under the symbols FSUMF and FSUGY. FMG is a constituent of the ASX 200 stock index.
Shares
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