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Iron ore lifts major miners

Solid, “no surprises” production results from the diversified majors underpinned another week of share-price rises, led by BHP Billiton (10.23%), Glencore (6.8%), Vale (7.14%), Norilsk (6.9%) and Rio Tinto (6.17%). No surprise either that iron ore continued to be a key factor in market sentiment.

Iron ore lifts major miners Iron ore lifts major miners Iron ore lifts major miners Iron ore lifts major miners Iron ore lifts major miners

Fortescue Metals Group (up 9.5% last week) made it four from four for the world’s big iron ore producers, in terms of rising market value. FMG is up nearly 24% this month.