No iron ore prices today after Chinese and Singapore markets were closed Friday.
In news, following Vale’s largely irrelevant statement that it is prepared to cut expensive iron ore production, Fortescue chairman Andrew “Twiggy” Forrest responded thusly on the weekend:
“I am pleased, certainly, that Vale, too, have adopted specifically what Fortescue stands for and BHP also signalled that it would expand according to the market, not over the top of it,” Mr Forrest told The Weekend Australian.