Andrew Forrest, the billionaire founder of the world’s No. 4 iron ore exporter, attended meetings with President George Weah.

Indonesia stopped exports of raw ore such as nickel, bauxite and concentrates of other minerals from 2014 to 2016.

Says columnist Clyde Russell.

The pullback followed an increase in transaction fees for all iron ore futures contracts on the Dalian Commodity Exchange and a rise in iron ore shipments to China.

Nearly 25 asset management firms and some pension funds are seeking compensation for losses derived from Vale's plummeting share price since the disaster.

The Anglo-Australian miner's iron ore output fell to 71 million tonnes during the three months ended June 30.

Iron ore's extended rally comes just days after China's top steel companies sought government help in keeping the market stable.

They will also examine whether companies are using affiliated entities to place trades on the DCE in violation of the market rules.