Iron ore enters its best three months, but Fortescue has a China problem

Iron ore prices have struggled this year as China’s property slump drags on and construction activity contracts, while plentiful seaborne supply has pushed port stockpiles some 15% higher year-on-year.

Iron ore is down 6% year-to-date to US$91 a tonne but Fortescue shares have fared far worse, down 35% to the lowest since April 2025 amid a drawn-out standoff with state-backed buyer China Mineral Resources Group (CMRG). The dispute has left millions of tonnes unsold and prompted a warning that production could be hit if talks drag past year-end.

Here are the latest on China’s economic data and Fortescue’s September quarter report.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →