Fortescue is trading 4.13% down at A$14.63 on October 22 after its September-quarter shipments fell 6% year over year and missed analyst expectations. - Shipments were 46.8 million tonnes; scheduled maintenance also contributed to the decline. Sales were 42.9 million tonnes, more than 9% below shipments. - FY27 guidance remained unchanged but subject to CMRG negotiations. Reuters reported Fortescue warned operations may be affected if talks with China’s state-backed CMRG do not conclude by year-end.