Fortescue (FMG) is held by 38 ASX ETFs. Over all time it fell 26.1%: on $10,000, −$2614. We explain 43 big moves in that time.
About FMG
- SectorMaterials
- IndustryMaterials
- Size$50.0b
- Held by38 ETFs
- Big moves43 in all time
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −4.6%2 Sep 2026· Sector Flow
FMG fell sharply alongside a broad sell-off in the ASX Materials sector, likely driven by weakness in iron ore prices or China demand sentiment.
- −3.8%3 Aug 2026· Analyst
Fortescue shares fell on a broker downgrade ahead of earnings, with Morningstar cutting its rating on the stock, triggering above-average selling pressure despite a broader materials sector rally on the day.
- −3.8%10 Jun 2026· Commodity
Fortescue shares fell below A$20 due to iron ore price concerns.
- +4.1%13 Mar 2026· Commodity
Iron ore price surged, boosting Fortescue shares by 4% along with other iron ore miners like RIO.
- −4.5%3 Mar 2026· Operational
Fortescue's share price fell on investor reaction to its announcement slashing wind farm plans and rejecting green hydrogen due to high costs.
- +4.7%25 Feb 2026· Earnings Beat
Fortescue beat earnings expectations with a 23% net profit jump and record ore shipments, boosting its share price.
- −4.7%16 Feb 2026· Sector Flow
A broad market sell-off and negative news regarding Fortescue's founder's false claim on fossil fuel cuts likely drove the stock down.
- −5.1%22 Jan 2026· Operational
Fortescue shares dropped 5% as rising costs overshadowed record iron ore shipments.
- −3.2%19 Dec 2025· Takeover / M&A
Copper acquisition for $139M likely pressured Fortescue shares amid broader iron ore price concerns
- −3.9%26 Aug 2025· Earnings Miss
Fortescue shares fell after reporting a 41% collapse in FY 2025 profit, which was below market expectations.
- +4.3%24 Jul 2025· Operational
Fortescue's strategic pivot away from clean energy and an iron ore price surge buoyed investor sentiment.
- +3.2%22 Jul 2025· Operational
Fortescue's strategic pivot away from clean energy and a surge in iron ore prices lifted investor sentiment.
- +3.5%27 Jun 2025· Sector Flow
Mining stocks including FMG rose as investors rotated out of banks, which were hit hard, lifting the broader mining sector.
- −4.0%18 Jun 2025· Sector Flow
Fortescue shares fell on June 18, 2025, as part of a broad decline in mining and materials stocks on the ASX 200, driven by sector-wide weakness.
- +5.8%29 Apr 2025· Sector Flow
Sector flow in ASX banks dragged the broader market sentiment, affecting Fortescue's price move.
- −4.2%9 Apr 2025· Sector Flow
Fortescue Ltd (FMG) fell sharply on 9 April 2025 as part of a broader ASX sell-off that saw 11 popular ASX 200 stocks crash to multi-year lows amid market carnage.
- +3.5%8 Apr 2025· Sector Flow
Broad market rebound on 2025-04-08 after the prior day's multi-year low crash likely lifted Fortescue along with the broader ASX sector.
- −3.6%7 Apr 2025· Sector Flow
FMG shares fell amid broad ASX 200 market carnage, with many shares crashing to multi-year lows.
- −4.0%31 Mar 2025· Unknown
No direct news explains the 4% drop; likely sector or macro-driven, as the only article is unrelated and from after the event.
- −3.3%20 Mar 2025· Sector Flow
Fortescue shares continued a sell-off trend amid broad iron ore miner weakness and a 32% year-over-year decline, with no single company-specific catalyst on the event date.
- +4.2%17 Mar 2025· Unknown
No clear news catalyst identified; likely sector/commodity-related movement.
- −3.4%4 Mar 2025· Commodity
Fortescue shares fell on March 3, 2025, likely due to a broad decline in iron ore prices or sector-wide weakness, though no direct company-specific news was identified.
- −3.7%28 Feb 2025· Unknown
No clear news catalyst found; the price drop may be due to broader sector dynamics or unlisted factors, as the only article is a general mining broker roundup from two days prior.
- −6.2%26 Feb 2025· Sector Flow
The abnormal drop in Fortescue's stock is likely driven by a broad sell-off in ASX mining stocks, as highlighted by broker activity covering BHP, RIO, FMG, and others.
- −6.2%20 Feb 2025· Sector Flow
The sharp decline in Fortescue's stock on February 19, 2025, aligns with a broad sell-off in iron ore miners, driven by sector-wide investor rotation and concerns over the sector's future.
- −4.4%7 Jan 2025· Sector Flow
Iron ore miners were sold off broadly, dragging Fortescue down with the sector.
- −3.9%19 Dec 2024· Sector Flow
No specific company news or catalyst identified; the price decline aligns with a broader sector or market flow.
- +6.2%10 Dec 2024· Commodity
Abnormal price move likely driven by a broader commodity price shift, given the lack of company-specific news around the date.
- −7.3%11 Nov 2024· Unknown
Insufficient evidence to determine the cause of the price move
- −3.2%24 Oct 2024· Sector Flow
Falling iron ore prices and sector weakness likely pressured the stock, compounded by unrelated negative media coverage.
- +4.0%10 Oct 2024· Commodity
Iron ore price outlook for November and December was discussed, likely supporting the stock
- −5.3%8 Oct 2024· Commodity
Iron ore price weakness ahead of the event likely drove Fortescue's sharp decline.
- −3.5%1 Oct 2024· Unknown
No clear cause found in the news articles; likely unrelated to company-specific events.
- +3.6%27 Sep 2024· Contract
Fortescue announced a multi-billion dollar deal to electrify its mining fleet with Liebherr, which lifted investor sentiment.
- +4.7%25 Sep 2024· Contract
Fortescue announced a major $2.8-4 billion deal to electrify its mining fleet with Liebherr, driving the stock up.
- +5.0%13 Sep 2024· Unknown
Insufficient news evidence to explain the price move; possibly driven by sector or commodity movements not captured in the provided article.
- −8.5%4 Sep 2024· Commodity
Likely triggered by sector-wide selling pressure in ASX iron ore miners due to weak commodity prices, though not directly confirmed by provided articles.
- +4.1%21 Aug 2024· Stake Change
Fund manager Chris Kourtis publicly sold BHP and bought Fortescue, driving buying interest in the stock.
- +3.1%16 Aug 2024· Unknown
No clear cause found; the only available news article is unrelated to Fortescue's price movement.
- −4.6%14 Aug 2024· Unknown
No direct news article explains the -4.63% drop on 2024-08-14; the provided articles are unrelated to a price-moving event.
- +3.2%31 Jul 2024· Stake Change
Fortescue shares rebounded after a two-day selloff driven by a large institutional block trade, with the price move likely a technical bounce rather than a new fundamental catalyst.
- −10.2%30 Jul 2024· Stake Change
Fortescue shares dropped 10% due to a massive block trade by a large institutional investor.
- −5.5%25 Jul 2024· Earnings Miss
Fortescue missed production guidance despite a record quarter, triggering a sharp sell-off.
Held by 38 ETFs
Of every $10,000 in each fund, how much is in FMG today.
- MVRVanEck Australian Resources ETF$6426.42%
- IHDiShares S&P/ASX Dividend Opportunities ESG Screened ETF$5245.24%
- HGENGlobal X Hydrogen ETF$3913.91%
- GRPAGlobal X S&P Australia GARP ETF$3453.45%
- OZRSTATE STREET SPDR S&P/ASX 200 RESOURCES ETF$3453.45%
- ZYAUGlobal X S&P/ASX 200 High Dividend ETF$3303.30%
- QREBetaShares Australian Resources Sector ETF$3293.29%
- ALFAVanEck Australian Long Short Complex ETF$2842.84%
- AUMFiShares Edge MSCI Australia Multifactor ETF$2622.62%
- VHYVanguard Australian Shares High Yield ETF$2422.42%