Iron ore price rose on Wednesday on hopes that the Russia-Ukraine conflict will boost demand for Chinese steel overseas.
The most active May iron ore contract on China’s Dalian Commodity Exchange surged as much as 5.9% to 764 yuan a tonne, the highest since Feb. 15.
On the Singapore Exchange, iron ore’s front-month April contract jumped 1.9% to $150.90 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.