The iron ore price rose on Monday as traders cheered a marginal improvement in consumption of industrial metals in China.
Apparent demand for five main steel products, including rebar, wire rod and hot-rolled coils, gained for two consecutive weeks and was up 4.2% last week from early-November, data from Mysteel consultancy showed.
“In the short term, the property-related policy is expected to see improvement, which could probably lift market sentiment,” Galaxy Futures wrote in a note.
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.