The Fortescue Metals Group Ltd (ASX: FMG) share price has gone up by 13% in February 2021. Could it be time to buy the shares?
About the miner
Fortescue is one of the biggest iron ore miners in Australia. It’s actually one of the biggest in the world, the only ones bigger are the big two Australian miners BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO), as well as Vale in Brazil.
It is based in Western Australian and has large scale infrastructure and mining assets in the Pilbara, Western Australia. It was established by the Fortescue Chair, Dr Andrew Forrest in 2003.
It has operations like the Chichester and Solomon mining hubs. It is also developing the Western Hub, which is home to the new Eliwana mine. It also…