Fortescue (ASX:FMG) share price jumps as iron ore price soars

The Fortescue Metals Group Limited (ASX: FMG) share price is climbing almost 4% today amid a significant increase in the price of iron ore.

At the time of writing, Fortescue shares are swapping hands for $18.045 apiece, a gain of 3.71%.

Fortescue is one of the world’s largest iron ore miners alongside BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO). Their share prices are up 1.08% and 1.71% respectively at the time of writing.