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China-Australia relations: Australian iron ore giant Fortescue ‘well-placed’ to meet China’s strong demand
Fortescue Metals Group reported a 4.7 per cent jump in iron ore shipments during the October to December quarter
The average price it received for its iron ore during the quarter rose a 60.5 per cent to US$122 per dry metric tonne, realising 91 per cent of the 62 per cent Platts benchmark average