Fortescue's Next Major Hub Development Expected to Support Supply of Higher Iron Grade Hematite Product Options, Jarden Says

MT Newswires Live

Oct 23

Fortescue's (ASX:FMG) next major hub development is expected to support the resumption of supplying higher iron grade hematite product options, Jarden said in a Thursday note.

The firm reported a robust start for fiscal year 2026, and it started to implement a revised hematite life-of-mine plan, underpinned by the inclusion of the recently acquired Blacksmith project. It seeks to maintain a low C1 unit cost profile and enhance capital efficiency.

The optimization involves a refinement in product mix, with West Pilbara fines, around 60% grade of iron, to be phased out, and a new 55% grade iron product to be introduced from fiscal year 2027, accounting for 5% to 6% of total hematite shipments anticipated.

The investment firm assigned an underweight rating on Fortescue and a price target of AU$16.

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It seeks to maintain a low C1 unit cost profile and enhance capital efficiency.</p><p>The optimization involves a refinement in product mix, with West Pilbara fines, around 60% grade of iron, to be phased out, and a new 55% grade iron product to be introduced from fiscal year 2027, accounting for 5% to 6% of total hematite shipments anticipated.</p><p>The investment firm assigned an underweight rating on Fortescue and a price target of AU$16.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577204973","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577204973","pubTimestamp":1761202857,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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