Fortescue Metals Group Ltd (FMG.xasx)

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Fortescue Metals Group Ltd (FMG.xasx) Profile

Fortescue Metals Group Ltd (FMG) is an iron ore company headquartered in Peth, Western Australia. Fortescue is the 4th largest iron ore producer globally after BHP, Rio Tinto, and Vale as of 2017. Fortescue is the largest tenement holder in the state, with holdings of more than 87,000 square km in the Pilbara region of Western Australia. The company aims carbon neutrality Scope 1 and 2 emissions, by 2030 and net-zero emissions Scope 3 emissions by 2040. In 2022 it is expected to double the world’s green hydrogen capacity. After the plant is complete, it is expected to be the largest of its type in the world. Fortescue Metals Group employs over 5,000 people, has operations in Australia, Singapore, and China and is administered by its head office in East Perth, Western Australia. Fortescue Metals Group stock (FMG) is listed on the Australian Securities Exchange. The market cap of the company is 43.97B as of November 2021.

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Trading hours in US Eastern Time
16:30 - 23:00
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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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