The iron ore price rebounded on Wednesday after data showed China’s exports grew at a faster-than-expected pace in June.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $108.91 a tonne, up 3.72%.
The most-traded iron ore contract, for September delivery, on China’s Dalian Commodity Exchange ended daytime trade 1.5% higher at 732 yuan a tonne, after earlier falling 3.9% to its weakest since February 28.
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.