FMG - Fortescue Ltd

[basilio]

Fortescue's electric car acquisition is proving it's worth. It will improve the effectiveness of FMG's own EV plant and be a profitable sale item as well

Jaguar to use Fortescue battery software to boost charging times for EVs​

• May 21, 2024
• No comments
• 2 minute read
• Giles Parkinson

Electric Range Rover. Image: JLR.


UK car giant JLR – formerly known as Jaguar Land Rover and now owned by India’s Tata Motors – has struck a deal to use battery software developed by Australia’s Fortescue to accelerate charging times of its electric vehicles.

The software – known as Elysia – will be used initially in JLR’s soon to be released electric Range Rover, and is expected to quicken charging times, improve reliability and boost range for this and other electric models.

The technology emerged from Fortescue investment in Williams Advanced Engineering, the engineering group behind the successful Williams racing team , and it hopes to extend the deals to other car makers in the future.

“The lessons and innovations we have both learned from motorsport are now being applied to the management of battery systems on our roads, unlocking a leading future of EV performance for JLR’s customers,” Mark Hutchinson, the head of Fortescue Energy, said in a statement.

Jaguar to use Fortescue battery software to boost charging times for EVs

Fortescue battery software technology to be used in first electric Range Rover as part of deal that JLR hopes will boost range and improve charging rates.

thedriven.io

 

[Value Collector]

More movement on FMG use of green hydrogen. They already have developed and proven electric dump trucks. Now how about powering the truck hydrogen fuel cells? Gets rid of the 2 klm extension cord..

Fortescue operates giant haul truck on hydrogen fuel cells for first time

Fortescue operates one of its giant haul trucks on hydrogen fuel cells for first time, as it continues trials in its drive to dump diesel fuel use by the end of the decade.

thedriven.io

It’s the excavator that has the power cable, it does move around as much as the trucks, so direct power cable is the most efficient method of powering it, mining equipment has used power cables for decades.

 

[Value Collector]

I meant don't move around as much as the trucks

 

[basilio]

Fortescue accuses two former executives of ‘industrial-scale misuse’ of its intellectual property​

Andrew Forrest’s Fortescue Group has accused two former executives of “industrial-scale misuse” of its intellectual property when they left to start a rival green iron technology firm.

The miner has asked the Federal Court for permission to trawl through computers at three properties linked to former employees Michael Masterman and Bart Kolodziejczyk to find evidence to support its claims.

Former Fortescue executives Bart Kolodziejczyk (left) and Michael Masterman want to build a $3.2 billion green iron ore processing plant in the Pilbara within five years.Credit: Eamon Gallagher
Two of the properties are located in Perth, another is in Melbourne.

Fortescue alleges that confidential information was copied and taken when Masterman and Kolodziejczyk left the company in late 2021.

Soon after leaving the miner, Kolodziejczyk, Fortescue’s former chief scientist, and Masterman, a senior executive close to Forrest, founded Element Zero with the aim of reducing the carbon footprint of Australia’s most lucrative export industry, iron ore.

Fortescue accuses two former executives of ‘industrial-scale misuse’ of its intellectual property

Andrew Forrest’s Fortescue Group has asked the court for search order in a stoush with former executives who left to start a rival green iron technology firm.

www.smh.com.au

 

[basilio]

FMG is clearly not the only force in green steel. This story from the CSIRO does an excellent job of pullong together many of the new technologies being developed in this field.

Steeling ourselves: How Australia can support the transition to net-zero steel

As the world’s largest iron ore producer, Australia has a major role in transitioning steelmaking from around 7 per cent of global emissions to a net-zero emissions industry; what progress are we making towards ‘green’ steel? FRAN MOLLOY explores

www.csiro.au

 

[Skate]

FMG is clearly not the only force in green steel. This story from the CSIRO does an excellent job of pullong together many of the new technologies being developed in this field.

Steeling ourselves: How Australia can support the transition to net-zero steel

As the world’s largest iron ore producer, Australia has a major role in transitioning steelmaking from around 7 per cent of global emissions to a net-zero emissions industry; what progress are we making towards ‘green’ steel? FRAN MOLLOY explores

www.csiro.au

@basilio, the article was a great read even though lengthy. I particularly found this comment encouraging:

“Instead of exporting whatever we dig up, we are now exploring how we can process and be selective about our iron ore and turning it into a premium product, using renewable energy.”

Skate.

 

[Chipp]

FMG about to tag some greater than 6 month lows today or later this month and in conjuction with some IO charts is going to be a swing trade buy for me shortly . One of the best top20 stocks to trade with huge market beating returns .

 

[sptrawler]

A lot of moving parts at FMG.

Fortescue’s British Formula 1 car designer loses CEO

The Williams Advanced Engineering boss is the latest executive to exit Andrew Forrest’s empire. WAE is central to the company’s batteries ambitions.

www.afr.com

 

[farmerge]

@basilio, the article was a great read even though lengthy. I particularly found this comment encouraging:

“Instead of exporting whatever we dig up, we are now exploring how we can process and be selective about our iron ore and turning it into a premium product, using renewable energy.”

Skate.

Professor, this is something that should have and been done a long time ago.
Back in the day it was referred to as "Value Adding"

 

[debtfree]

 

[eskys]

This morning's course of sales for the above mentioned:

Course of Sales​

Course of sales table

Time	Price $	Volume	Value $	Market	Condition
7:46:10 AM	21.600	50,284,009	1,086,134,594.400	ASX	S1 XT

 

[Skate]

Monster $1.1b block trade in Fortescue
Block trading is a delicate balance of negotiation, risk management, and timing, with both parties aiming to achieve the best possible financial outcome under the veil of market invisibility.

A "big fund manager" sent JP Morgan out to find buyers for a billion-dollar sell-down of Fortescue after the closing bell at $21.60 a piece, representing a 6 per cent discount to Fortescue’s last traded price that @eskys post now confirms.

The block trade was run as a fixed-priced trade as China’s stimulus to revive construction has failed to boost steel demand. Meanwhile, the conga line of executives filtering out of its top ranks has continued.

Skate.

 

[basilio]

I was wondering why FMG had dropped like a stone at opening. Currently sitting at $22 which I suppose is a "recovery" from the $21.60 the Billion dollar sale went through.

It would be interesting to see if Twiggy has come back into the market. His half yearly dividends from FMG would easily buy the lot.

 

[Skate]

I was wondering why FMG had dropped like a stone at opening. Currently sitting at $22 which I suppose is a "recovery" from the $21.60 the Billion dollar sale went through.

It would be interesting to see if Twiggy has come back into the market. His half yearly dividends from FMG would easily buy the lot.

@basilio, what this shows is that there is strong support around this price level. Those shares on offer were quickly snapped up in a heartbeat. It's a great example of how one person's trash can be another person's treasure.

Skate.

 

[TimeISmoney]

I was wondering why FMG had dropped like a stone at opening. Currently sitting at $22 which I suppose is a "recovery" from the $21.60 the Billion dollar sale went through.

It would be interesting to see if Twiggy has come back into the market. His half yearly dividends from FMG would easily buy the lot.

It takes 2 days and they have to release who the major holder is. Imagine if it's Rinehart!

 

[Chipp]

In the zone . Pull the trigger anyday now , might even pick of a few today .

 

[eskys]

Iron ore is up at this moment, according to SGX....
107.40

( +2.06/1.96%)

Can work for a quick trade but not sure of the reward verses risk. Thinking of EDV not so long ago when it had a block trade at 5.22 and it went down after that. So, where goes FMG today? Dropped a dollar at time of post...

It's the top most popular buy on Commsec and Westpac

 

[TimeISmoney]

Iron ore is up at this moment, according to SGX....
107.40

( +2.06/1.96%)

Can work for a quick trade but not sure of the reward verses risk. Thinking of EDV not so long ago when it had a block trade at 5.22 and it went down after that. So, where goes FMG today? Dropped a dollar at time of post...

It's the top most popular buy on Commsec and Westpac

Even if the Divs go down to $1,20/ year (highly doubt it but lets say worst case scenario) it's still better than having money in the bank when you include the franking credits. I'm looking long term but the risk is always there no doubt.

 

[Chipp]

In the zone . Pull the trigger anyday now , might even pick of a few today . View attachment 178879

FWIW i am only in this for a 4-5 weeks style swing trade . All systematicaly driven .

I " invest " my time looking for high probability swing trades for SMSF . Mind you getting into some investments at x period lows has merit if you truly have faith in the company . I have little faith in most of them but i do look at balance sheet metrics so i dont buy " Green Mile " things

 

[eskys]

Even if the Divs go down to $1,20/ year (highly doubt it but lets say worst case scenario) it's still better than having money in the bank when you include the franking credits. I'm looking long term but the risk is always there no doubt.

I see where you are coming from; l'm procrastinating because I don't want my head on the block when I'm not in it...watching because I thought there might be something in it that I can traded. It opened at 22.35, but not made it to that so far. Can't watch tomorrow to gauge (will be on the road) Hate getting run over when I'm not watching...at the very least, investors and traders are showing interest, so that's a big plus.