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…
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