Squeezed by China, Fortescue finds new buyers for its iron ore

Mineral Italia, laden with 203,000 tonnes of iron ore, departed from Australia's Anderson Point, Fortescue's export hub at Port Hedland, on Friday to head to India, Kpler data showed. It is due to arrive in India on August 16.

This is Fortescue's first iron ore cargo to India since December 2024, according to Kpler.

Mineral Arcus, carrying 174,000 tonnes of Fortescue iron ore, left Anderson Point on July 28 and is scheduled to arrive in Son Duong in Vietnam on August 10, Kpler data showed.