David Fickling, Columnist

Iron Ore's Party Is Just Getting Started

With no end in sight to Chinese demand, Fortescue's optimism looks like more than talk.

January 31, 2017 at 7:11 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

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Fortescue Metals Group Ltd. has long been iron ore's greatest cheerleader, and with metal prices near the highest level in two years it's showing no sign of losing faith.

"You can see the confidence is back" among Chinese steel executives, David Liu, the miner's director of sales and marketing, said on an analyst call Tuesday. "The cheers of ganbei are getting louder and louder."