Dalian iron ore futures rose for a third consecutive session on Thursday, helped by tight inventories and expectations of higher Chinese demand despite an uncertain outlook.
The most-traded May iron ore on China’s Dalian Commodity Exchange (DCE) DCIOcv1 rose 1% to 944.5 yuan ($132.18) per metric ton as of 0250 GMT.
On the Singapore Exchange, the benchmark January iron ore SZZFF4 was up 0.2% at $133.91 a metric ton, snapping a three-day losing streak.
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.