Iron ore prices rose on Monday supported by a decline in portside stockpiles in China.
Imported iron ore stocked at Chinese ports dropped for a fourth straight week to 123.95 million tonnes as of Friday, hitting the lowest level since early October, data from SteelHome consultancy showed.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $218.62 a tonne on Monday, up 0.9% from Friday’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.