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FMG waiting for signs from China

FORTESCUE Metals Group CEO Nev Power says the future iron ore price will be driven by Chinese economic policy, as ANZ Research downgraded its growth forecasts for the country.

Kristie Batten
FMG waiting for signs from China

Power said the price had held up recently because the iron ore market was in balance. “The iron ore price is being driven by the futures trading, rather than physical supply/demand balance,” he told...

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