Iron ore prices continued to surge on Monday with all major grades closing at multi-year highs.
According to Metal Bulletin, the spot price for benchmark 62% fines jumped 2.6% to $95.30 a tonne, leaving it at the highest level since August 2014.
As has been the case in recent months, gains across lower grades were even greater during the session with 58% fines lifting 3.1% to $79.21 a tonne. Not since May 2014 has its price been this high.
Higher grade ores were the relative laggard on Monday with 65% Brazilian fines increasing 1.2% to $106.30 a tonne, leaving it at fresh two-year highs.
Anglo Pacific Group (LON:APF) has a diverse portfolio of assets in low-risk jurisdictions and is the only listed company on the London Stock Exchange focused on royalties connected with the mining of natural resources.