Fortescue Metals Group Limited (ASX:FMG) increases the annual iron ore shipments forecast post reporting a 10 per cent increase in its March 2020 quarterly shipment.
- The Company has dodged any considerable impact from the COVID-19 outbreak so far and suggests that iron ore shipments and customer payments remain unaffected.
- In March 2020, FMG suggested that shipments from Port Hedland remain normal despite weather challenges; however, the miner had suspended exploration activities
- The Company upgrades guidance, would now ship 175-177 million tonnes of iron ore, compared to its earlier forecast of 170-175 million tonnes.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.