Iron ore futures closed higher on Monday in daytime trading at the Dalian Commodity Exchange (DCE).
The most active iron ore contract for May 2024 delivery gained 5 yuan (about 70 U.S. cents) to close at 952 yuan per tonne.
On Monday, the total trading volume of 12 listed iron ore futures contracts on the exchange was 369,998 lots, with a turnover of about 34.76 billion yuan.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.