Fortescue Ltd Stock Jumps 4% as China’s BHP Curbs Lift Iron Ore Prices
Fortescue shares jumped 4.1% to A$20.49 Friday after China tightened curbs on BHP’s iron ore, sending prices to a two-month high. BHP fell 2.3%, Rio Tinto gained 3.1%. Fortescue set its DRP price at A$19.2518 for the March 30 dividend. The company also completed its Alta Copper acquisition in Peru on March 10.