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Home / Metal News / FMG's Q4 production was up 8% MoM, with an even larger increase YoY.

FMG's Q4 production was up 8% MoM, with an even larger increase YoY.

iconJan 23, 2025 09:49
Source:SMM
Australian mining company Fortescue Metals Group (FMG) released its Q4 2024 operational report. Iron ore production in Q4 reached 61.90 million mt, up 8% QoQ and up 12% YoY. FMG's iron ore shipments in Q4 totaled 49.40 million mt, up 4% QoQ and up 1% YoY.

Australian mining company Fortescue Metals Group (FMG) released its Q4 2024 operational report:

In terms of production: FMG's iron ore production in Q4 reached 61.9 million mt, up 8% QoQ and up 12% YoY.

In terms of sales: FMG's iron ore shipments in Q4 reached 49.4 million mt, up 4% QoQ and up 1% YoY.

FMG's Q4 C1 cash cost was $18.24/wmt (based on Pilbara hematite), down 10% QoQ and up 4% YoY. Additionally, the shipment guidance for fiscal year 2025 is 190-200 million mt, with a C1 cost target of $18.5-19.75/wmt (based on Pilbara hematite).

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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