A report in the Australian press this morning has Fortescue Metals’ CFO Stephen Pearce saying;
- “I’m not expecting the (iron ore) price will rebound to the $140 level anytime soon. But I think it will re-emerge and settle around that $110 mark.. for a period of time as new supply gets digested and as the Chinese domestic market adjusts to where the new pricing points are”
Should I file this in the ‘he would say that, wouldn’t he’ basket?
