Iron ore prices rose on Friday as a recovery in steel margins in China eased concerns over weak demand for the steelmaking ingredient.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $105 a tonne Friday morning, up 3.6%
On China’s Dalian Commodity Exchange, the most-traded January 2023 contract ended daytime trade 2.6% higher at 723 yuan ($107.18) 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.