The iron ore price rose on Monday despite demand fears due to the new omicron coronavirus variant.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $103.27 a tonne, up 6.8% from Friday’s closing.
Shanghai stainless steel futures fell 2.6% to 17,170 yuan a tonne.
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.