The seaborne iron ore market remained relatively muted on Wednesday February 16, and a rebound in trading activity was noted at Chinese ports, with volumes surpassing transacted volumes the previous day, sources told Fastmarkets.
Key drivers
Trading activity at Chinese ports was robust, and volumes far surpassed the transacted volumes of the previous day, a Xiamen-based analyst said. This was likely among the factors helping to the boost iron ore prices, he added.
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.