Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
The share price of iron-ore major Fortescue Metals rose by nearly 9% on Tuesday after media reports suggested that the miner was discussing a potential investment with Chinese firms. The Australian Financial Review have suggested that Chinese firms have applied to the Foreign Investment Review Board (FIRB) seeking permission to invest in the iron-ore major, with the article also stating that Fortescue has held discussions with steel producer Boasteel and conglomerate CITIC.
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