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Fortescue Metals Group Ltd ( (AU:FMG) ) has issued an update.
Fortescue Metals Group Ltd announced its strategic decarbonization partnerships during Climate Week NYC and the United Nations General Assembly. The company is forming global alliances with leading technology and manufacturing firms to accelerate industrial decarbonization and achieve its Real Zero target by 2030. These partnerships include collaborations with electric vehicle and battery manufacturer BYD, solar technology company LONGi, and other green energy innovators. Fortescue’s efforts are supported by research and development initiatives across the US, UK, and Australia, ensuring integration of cutting-edge technology into its operations and promoting global decarbonization.
The most recent analyst rating on (AU:FMG) stock is a Hold with a A$19.40 price target. To see the full list of analyst forecasts on Fortescue Metals Group Ltd stock, see the AU:FMG Stock Forecast page.
More about Fortescue Metals Group Ltd
Fortescue Metals Group Ltd is a company operating in the mining industry, primarily focused on iron ore production. It is known for its operations in the Pilbara region of Western Australia and is actively engaged in decarbonization efforts to transition to green energy solutions.
Average Trading Volume: 7,294,982
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.87B
For a thorough assessment of FMG stock, go to TipRanks’ Stock Analysis page.