Fortescue Says Dispute With China’s CMRG Hits Iron Ore Sales

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Paul-Alain Hunt October 7, 2026 at 10:46 PM UTC Updated on October 7, 2026 at 11:39 PM UTC Iron ore miner Fortescue Ltd. said sales fell, as a standoff with state-backed buyer China Mineral Resources Group Co. over long-term supply contracts and price negotiations drags on. Sales of the steelmaking staple in the three months through September were about 8% below shipments, “reflecting impacts from ongoing negotiations with China Mineral Resources Group,” Fortescue said in a statement Thursday. Maintenance including port shutdowns also affected results, it said.