FMG 0.79% $19.98 fortescue ltd

Iron Ore Price, page-2096

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    Globe and Mail reported Australia’s Fortescue Metals Group (ASX:FMG) rose on Monday on news that Teck Resources (TSX:TCK.A,TSX:TCK.B,NYSE:TCK) may build a stake in the iron producer.

    As quoted in the market news:

    Vancouver -based Teck, a large copper, zinc and metallurgical-coal miner, has long expressed an interest in adding iron ore assets to its portfolio, but analysts doubt that the company would make a play for the Australian miner, which is worth more than $17-billion.
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