Shares in Fortescue Metals Group Ltd have soared by 21 percent as investors bet its position as an iron ore supplier could improve if buyers turn away from a massive BHP Billiton Ltd and Rio Tinto Ltd combined venture. Australian Associated Press (AAP) said the stocks stellar rise ijune 11, prompted a "please explain" from the Australian Securities Exchange (ASX), but Fortescue could offer no reason. Analysts say the reason is obvious.Plans by BHP Billiton and Rio Tinto to form an iron ore joint venture in Western Australia's Pilbara region have highlighted Fortescue's status as the only alternative, large-volume Australian supplier of iron ore. Fortescue stock soared 21.17 percent , or 76 cents, to end at 4.35 dollars and its highest close in eight months. The groups shares have risen by about 40 percent since the start of June.
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机译：Fortescue Metals Group Ltd.的股票上涨了21％，这是因为投资者押注，如果买家放弃庞大的BHP Billiton Ltd和Rio Tinto Ltd的合资企业，其作为铁矿石供应商的地位将得到改善。澳大利亚美联社（AAP）表示，股票在6月11日出现了大幅上涨，促使澳大利亚证券交易所（ASX）做出“请解释”，但Fortescue不能提供任何理由。分析师表示，原因很明显。必和必拓和力拓在西澳大利亚州皮尔巴拉地区成立铁矿石合资企业的计划突显了福特斯库作为澳大利亚唯一的替代铁矿石大批量供应商的地位。 Fortescue股价飙升21.17％，或76美分，收于4.35美元，是八个月以来的最高收盘价。自6月初以来，该集团的股价已上涨了约40％。
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