Lower grade iron ore prices continued to surge on Thursday, closing the session at fresh multi-month highs.
According to Metal Bulletin, the price for 58% fines jumped by a further 3.6% to $51.51 a tonne, leaving it at the highest level since late August 2017.
The daily percentage gain was the largest in seven weeks, extending its rally from late November to nearly 30%.
Anglo Pacific (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).