Iron ore futures gained on Friday (Dec 8), buoyed by robust export data from China, positive updates from major producers and persistently upbeat demand.
The most-traded May iron ore on China’s Dalian Commodity Exchange rose 2.6 per cent to 965.5 yuan (S$181.22) per metric tonne as of 0320 GMT.
The benchmark contract has risen 4.5 per cent in the week so far, and is on track to record its best week in five.
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.