Iron ore imports outside China show signs of recovery

The iron ore market is focused mainly on developments in China, which isn’t surprising given the world’s biggest buyer of commodities takes about 70% of global seaborne cargoes.

But that other 30% does matter – and there are signs of a recovery in demand in the wake of the coronavirus pandemic.

The total global volume of seaborne iron ore discharged at ports in January was 134 million tonnes, according to vessel-tracking and port data compiled by Refinitiv.

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.

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