Iron ore price bounces back

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.

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