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Watch: Fortescue CEO discusses iron ore outlook at Platts Global Metals Awards

Iron ore prices have fallen from $95/dmt to just over $60/dmt in three months amid oversupply and weakening steel markets. Speaking to Peter Brennan at the Platts Global Metals Awards in May, Nev Power, CEO of Fortescue Metals Group, gave his view on prices, the expansion plans of Australian miners and demand for higher grades going forward.