Iron ore prices rose on Wednesday, after five straight sessions of losses, tracking steel futures as China’s output curbs fuelled supply worries.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $165.48 a tonne, up 1.8% from Tuesday’s closing.
The most-traded iron ore for January 2022 delivery on China’s Dalian Commodity Exchange ended daytime trading up 3.7% at 871.50 yuan ($134.33) a tonne, after hitting its lowest since March 26 in the previous session.
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.