Company Performance: Financial results, like revenue and profit, directly impact investor confidence.

Commodity Prices: Fortescue's primary product, iron ore, is crucial. Global iron ore prices significantly influence its stock price.

Market Sentiment: Overall investor feelings and trends in the Australian stock market affect all stocks, including FRX.AU.

Industry Trends: Changes in the mining industry, such as new regulations or technological advancements, have an impact.

Economic Conditions: Global economic growth or recession affect demand for iron ore, and thus Fortescue's profitability.

Geopolitical Events: International relations and political stability in key markets influence investor perception.

Exchange Rates: Currency fluctuations, especially between AUD and USD, affect revenue and profit margins.

Interest Rates: Changes in interest rates influence borrowing costs and investment decisions.

Dividends: Dividend payouts and policies can attract or deter investors, affecting the stock's demand.

Production Volumes: The quantity of iron ore Fortescue produces directly correlates to revenue and profitability.