Seaborne iron ore prices reversed up on Thursday February 10, partially supported by positive sentiment in the Chinese iron ore futures and front-month swaps contracts in Singapore, market sources said.
Key drivers
Market sentiment toward March-laycan iron ore prices in the futures market turned positive with market participants’ expectations that steel mills will resume production after the Winter Olympics and once the peak heating season draws to a close in mid-March, a Xiamen-based analyst told Fastmarkets.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.