Dalian iron ore climbed to its highest in two weeks on Tuesday, supported by persistent hopes of China easing its COVID-19 rules and technical buying, despite worries about a surge in new coronavirus cases in some Chinese cities and weak steel demand.
The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 2.6% higher at 680 yuan ($93.80) a tonne, after hitting its highest since Oct. 24 at 683 yuan.
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.