The Fortescue Metals Group Limited (ASX: FMG) share price is up by 4%, adding to the gains it has seen over the past couple of weeks.
Since 15 March 2022, Fortescue shares have risen by 20%.
The iron ore miner is rising amid the increase of the iron ore price overnight. According to Commsec, the iron ore price went up by 0.4% overnight to US$150.88 per tonne.
Changes in the iron ore price may impact the Fortescue share price as it’s one of the world’s biggest iron ore miners.
Fortescue isn’t the only miner that is seeing gains today. The other iron mining giants in the S&P/ASX 200 Index (ASX: XJO) are also up. The BHP Group Ltd (ASX: BHP) share price is up 3% while the Rio Tinto Limited (ASX: RIO) share price is up by 2%.
