Analysts from investment bank UBS forecast a return to $US120 a...

Analysts from investment bank UBS forecast a return to $US120 a tonne for the spot iron ore price by the end of the year.

USB analyst Tom Price said in a note that Chinese steel mills that were currently oversupplied with steel and iron ore, would want to start re-stocking ore before the northern hemisphere winter in December.

http://www.businessspectator.com.au/bs.nsf/Article/Fortescue-sells-power-station-for-US300m-XTUHA?OpenDocument&src=hp3