Jul 28, 2026 – 4.00pmAndrew Forrest’s Fortescue is being increasingly targeted by hedge funds as the mining giant faces mounting pressure from Beijing’s iron ore buyer to cut prices for the steel-making ingredient or risk being squeezed out of the market.Short positions have been building in the stock amid reports China Mineral Resources Group (CMRG) has been co-ordinating with traders, steel mills and port operators to delay Fortescue cargo, limit purchases and discourage new buying after the two sides reached an impasse over supply contracts.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Hedge funds target Fortescue amid $11b short on ASX mining giants
Sage Capital and Ten Cap are among an army of funds betting against Andrew Forrest’s mining empire, while short interest in Rio Tinto and BHP is at the highest level in years.
TL;DRAI
Fortescue confronts $11b in short positions as China Mineral Resources Group pressures iron ore prices down via coordinated supply restrictions. Geopolitical leverage over commodities and pricing power signal capex risks for infrastructure buyers and highlight supply-chain concentration vulnerability.
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