Business
High iron ore prices are boosting the Fortescue (ASX:FMG) share price again
High iron ore prices are continuing to boost the Fortescue Metals Group Limited (ASX: FMG) share price.
Over the last month the Fortescue share price has gone up by 12%. It has been a sizeable recovery after a decline between the end of February and the recent low in March 2021.
Even so, the Fortescue share price remains down by around 14% from that high in February 2021.
What’s going on with the iron ore price?
There have been some effects from COVID-19 on the iron ore price. China has been providing stimulus for its economy which has seemingly benefited the iron ore price. The Chinese demand for iron ore remains high…
-
Business23 hours agoIs Warren Buffett’s Berkshire Hathaway the smartest investment you can make today?
-
General23 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people
-
Noosa News9 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
General23 hours agoTaiwan’s President Lai Ching-te calls for peace and dialogue with China while also calling for defence boosts