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Reportedly, Australian iron ore miner Fortescue Metal Group said yesterday that it was confident with the demand and prices in China's iron ore market.It's known that the company has just posted a rise of 8% in profits for the second half of this year and it will not face funding shortfall for its US$ 9 billion expanding project.Fortescue Metal Group expected that the iron ore prices to return to the level of US$120~US$150/ton in short term to medium term.