Iron ore price logs weekly loss on soft demand but China stimulus limits fall
Steel consumption has seasonally slowed, denting appetite for feedstocks including iron ore.
Fortescue Metals said on Wednesday executive chairman Andrew Forrest transferred ownership of 220 million Fortescue shares worth about A$5 billion ($3.39 billion) to Minderoo Foundation.
Minderoo Foundation is the philanthropic foundation of Andrew and Nicola Forrest.
($1 = 1.4732 Australian dollars)
(By Jaskiran Singh; Editing by Maju Samuel)
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