The Fortescue Metals Group Limited (ASX: FMG) share price jumped well into the green this morning from the market open.
Shares in the iron ore production and exploration company surged 2.89% to hit a high of $24.23 just after the open. However, they have retraced back down to $23.80 at the time of writing, up 1.06% for the day so far.
Let’s take a look at the Fortescue share price in a bit more detail.
While there was no market-sensitive information released to explain today’s rise in the Fortescue share price, on 6 July the company announced it had delivered on the “ambitious stretch targets” concerning its initial decarbonisation projects.
Fortescue is investigating the possibility of producing “100% renewable green energy”, setting decarbonisation targets, and aiming to wipe carbon emissions from its own operations.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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