Iron ore spot prices climbed on Friday, helped by speculation over improved demand in the months ahead.
According to Metal Bulletin, the price for benchmark 62% fines rose 0.7% to $73.10 a tonne, leaving it at the highest level since November 21 last year.
The price for 65% Brazilian fines lifted by a smaller 0.2%, settling at $87.40 a tonne. 58% fines climbed by a larger 1.1% to $46.13 a tonne, the highest level since late October.
Anglo Pacific Group PLC (LON:APF) is a global natural resources royalty company. The Company’s strategy is to develop a leading international diversified royalty company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth mainly through acquiring royalties on projects that are currently cash flow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties to shareholders as dividends.