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On a QoQ basis, FMG's iron ore production in Q2 2025 increased by 20%.
Jul 24, 2025 11:11Source:SMM
On July 24, 2025 (Beijing Time), Australian mining company Fortescue released its operational report for the second quarter of 2025 (Q4 of the 2025 Australian fiscal year). The report indicates the following:
Production:In Q2, Fortescue's production reached 54.4 million mt, up 14% MoM and 7% YoY. The total production for the 2025 fiscal year reached 201 million mt, up 6% YoY.
Shipments:In Q2, Fortescue's amounted to 55.2 million mt, up 20% MoM and 3% YoY. The total shipments for the 2025 fiscal year reached 198 million mt, up 4% YoY.
Financials:In Q2, Fortescue's C1 cash cost was $16.29/wmt (based on Pilbara hematite), down 7% MoM and 12% YoY. The average C1 cost achieved for the 2025 fiscal year was $17.99/wmt, down 1% YoY.
Additionally, the shipment target guidance for the 2026 fiscal year is 195-205 million mt (with a target shipment volume of 10-12 million mt for the Iron Bridge project), and the C1 cost target is $17.5-18.5/wmt (based on Pilbara hematite).
Detailed breakdowns are shown in the following chart:
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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