Iron ore prices are flat, so why is the Fortescue (ASX:FMG) share price jumping higher today?

The Fortescue Metals Group Limited (ASX: FMG) share price is having a good day’s trade on the ASX for no obvious reason.

In fact, the spot price of the company’s major commodity, iron ore, is flat at US$93.40.

At the time of writing, the Fortescue Metals share price is $15.95, 1.24% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.33% right now. The All Ordinaries Index (ASX: XAO) is also up, having gained 0.4%.

Let’s take a look at what’s going on with this ASX mining share today.