Iron ore enters its best three months, but Fortescue has a China problem

Iron ore prices have struggled this year as China's property slump drags on and construction activity contracts, while plentiful seaborne supply has pushed port stockpiles some 15% higher year-on-year. Iron ore is down 6% year-to-date to US$91 a tonne but Fortescue shares have fared far worse, down 35% to the lowest since April 2025 amid ...