Fortescue stuck under A$20 as Simandou, China test iron ore bulls
Fortescue shares closed at A$19.66 on Wednesday, down 0.46% for the session and nearly 12% for the week, underperforming the broader ASX 200, which rose 0.57%. The drop follows weaker iron ore prices and tougher contract talks in China. No new company filings were posted. Investors are watching increased shipments from Guinea’s Simandou project, which could add pressure to the market.