Original article by Matthew Stevens
The Australian Financial Review – Page: 30 : 9-Aug-18

Fortescue Metals Group CEO Elizabeth Gaines maintains that the price discount for lower-grade iron ore is cyclical rather than structural. The general consensus among iron ore producers is that the price gap will be sustained, with executives from Rio Tinto and Vale recently expressing the view that Chinese steel mills will continue to favour higher-grade ore. The benchmark price of iron ore rose by almost three per cent on 7 August, to almost $US70 per tonne.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, VALE SA, BHP BILLITON LIMITED – ASX BHP, CITIGROUP INCORPORATED