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Iron ore won't fall to $40/t: Power

UNLIKE most analysts, Fortescue Metals Group CEO Nev Power is not surprised by the current strength in the iron ore price.

Kristie Batten
Iron ore won't fall to $40/t: Power

The Metal Bulletin 62% iron ore fines price hit $US63.07 per tonne overnight. Speaking at FMG's Herb Elliott port in Port Hedland yesterday, Power said the iron ore market was in balance and demand...

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