Iron ore price rises as China’s imports hit record

The Iron ore price rebounded on Tuesday from a seven-month low after data showed China’s imports in August picked up for the first time in five months, rising 10.1% over July.

China imported iron ore worth a record $20 billion in August, despite steel production curbs in the world’s largest producer. Total volumes were 97.5 million tonnes.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $137.97 a tonne, up 4.2% from Monday’s closing.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Cadence Minerals

More articles like this

Cadence Minerals

Cadence Minerals potential acquisition of Lithium Technologies and Lithium Supplies by Castillo

Cadence Minerals plc (LON:KDNC) has announced that Castillo Copper (ASX/LON:CCZ) has entered into a 90-day option agreement with Lithium Technologies Pty Ltd and Lithium Supplies Pty Ltd, in which Cadence owns a 29% shareholding, to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects in the Northern Territory (NT) and Western Australia (WA) respectively. Highlights: · ASX and London listed Castillo has a 90-day option to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects. · Consideration for 100% of

Cadence Minerals

Iron ore price up despite Chinese power curbs

Iron ore prices gained for the third straight session on Monday, rising more than 5% in China, while steel rebar and hot-rolled coils increased amid production controls due to power cuts. According to Fastmarkets MB, benchmark 62% Fe

Cadence Minerals

Lithium price rally accelerates in September

The lithium price rise accelerated in the first two weeks of September as surging demand and raw material supply concerns combined to push Chinese domestic prices up to their highest levels since mid-2018, according to data from Benchmark Mineral

Cadence Minerals

Lithium prices are soaring high

As Lithium prices have been the highest as compared to the last three years, an upsurge is seen in the sale of electric vehicles. Hence, depleting the stocks of the battery material in China, one of world’s top consumer.