Iron ore price rose again on Thursday despite recent moves from top consumer China to crack down on the soaring prices.
Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were up 1%, changing hands for $210.99 a tonne, according to Fastmarkets MB.
Last month, China’s National Development and Reform Commission vowed to severely punish “excessive speculation, price gouging, and other violations” that it said helped lift prices.
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.