Fortescue, Vale Sign Agreement on Joint Ventures

The video discusses Fortescue Metals' recent stock performance, highlighting a 24% gain followed by a 5% rise. It covers the Memorandum of Understanding with Valley, which involves blending iron ore products for China and a potential 15% stake acquisition by Valley. The CEO clarifies that this is not a precursor to a takeover. The video also explores the stock's susceptibility to short selling and a possible short squeeze. Fortescue's efforts to cut debt and costs, along with the Valley deal, are seen as steps to strengthen its market position.

What has been the stock performance of Fortescue Metals this year?

What measures has Fortescue taken to improve its financial situation?