Market Chatter: Fortescue Hit With Additional Curbs by Chinese State-Backed Iron Ore Buyer

MT Newswires Live

Jul 06

Fortescue (ASX:FMG) has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.

China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.

The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.

Fortescue declined to comment on the matter in response to a query from MT Newswires. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2649061427"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2649061427\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2649061427?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-06 08:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2649061427","market":"us","top_or_hot":-1,"title":"Market Chatter: Fortescue Hit With Additional Curbs by Chinese State-Backed Iron Ore Buyer","media":"MT Newswires Live","content":"<html><body><p> Fortescue (ASX:FMG) has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.</p><p>China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.</p><p>The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.</p><p>Fortescue declined to comment on the matter in response to a query from MT Newswires. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Fortescue Hit With Additional Curbs by Chinese State-Backed Iron Ore Buyer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Fortescue Hit With Additional Curbs by Chinese State-Backed Iron Ore Buyer\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-06 08:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fortescue (ASX:FMG) has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.</p><p>China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.</p><p>The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.</p><p>Fortescue declined to comment on the matter in response to a query from MT Newswires. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STT","symbol_name":"道富银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649061427","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649061427","pubTimestamp":1783299029,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fortescue  has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.Fortescue declined to comment on the matter in response to a query from MT Newswires. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STT":"道富银行","FMG.AU":"FORTESCUE LTD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4135":"资产管理与托管银行","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK7129":"钢铁","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK7507":"资源股","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"市场热议：Fortescue受到中国国家支持的铁矿石买家的额外限制","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STT":1.5,"FMG.AU":1.5},"content_text":"Fortescue (ASX:FMG) has been hit with additional restrictions from China Mineral Resources Group, the state-backed iron ore buyer that negotiates with global miners on behalf of the Chinese government, Bloomberg reported Friday, citing anonymous sources familiar with the matter.China Mineral Resources earlier set a July 15 deadline for steelmakers and traders to take delivery of portside Super Special Fines product from Fortescue. It has now told a number of domestic steel mills not to buy any new, US dollar-denominated consignments of Super Special Fines, according to the report.The reported development comes amid an impasse in price talks between Fortescue and China over long-term supply deals.Fortescue declined to comment on the matter in response to a query from MT Newswires. The company's shares gained nearly 2% in recent Monday trade after hitting a year-to-date low on Friday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}