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    Is Mr Market right about the iron ore price?

    Andrew Macken
    October 5, 2016

    What a difference a year makes! Back in January, the iron ore spot price was languishing at US$42 per dry metric tonne. Today it’s around US$55. And the rising price has flowed straight to the bottom line – and share price – of producers like Fortescue (ASX: FMG). The question is: are these elevated share prices justified? Continue…

    by Andrew Macken Posted in Editor's Pick, Energy / Resources.