Iron ore prices climbed to fresh multi-year highs on Friday, led by higher grades.
According to Metal Bulletin, the spot price for benchmark 62% fines jumped 2% to $97.24 a tonne, the highest level since 7 July 2014.
Higher grades also rallied with 65% fines lifting 1.5% to $111.50 a tonne, settling at the loftiest level since the start of 2016 when Metal Bulletin first produced daily spot price movements for the the grade.
Anglo Pacific Group (LON:APF) has a diverse portfolio of assets in low-risk jurisdictions and is the only listed company on the London Stock Exchange focused on royalties connected with the mining of natural resources.