Seaborne iron ore prices broke another new high on Wednesday as they extended Tuesday’s surge a little further. Supply concerns have continued to spread and iron ore has now increased by $6.69/tonne in three days.
The Kallanish KORE 62% Fe index gained another $1.25/t to $104.94/dry metric ton cfr Qingdao, the highest level since 6 May 2014. On COREX, 170,000 tonnes of Brazilian Blend sold at $111.1/t with a laycan in 10-19 July, while 90,000t of Jimblebar sold at a floating price.
Anglo Pacific Group PL (LON:APF) has a 1.5% life of mine GRR over three exploration tenements in the central Pilbara region of Western Australia owned by a wholly-owned subsidiary of BHP Group (LON:BLT), which is dual-listed on the LSE and ASX.