Fortescue warns of US$150M hydrogen hit amid record metal year

fortescue-warns-of-us$150m-hydrogen-hit-amid-record-metal-year
TECHNOLOGY

Miner beats iron ore cost guidance, meets production target, but energy business still struggling

Fortescue warns of US$150M hydrogen hit amid record metal year

Credits: Fortescue

Fortescue’s Western Australian iron ore business shipped a record amount at its lowest costs in five years over FY25, but the miner has warned of a pre-tax US$150 million (A$223 million) impairment on…

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