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.