Iron ore prices have continued to climb in the past weeks on mounting expectations that the Chinese government will roll out more stimulus to spur economic growth.
The January contract of iron ore futures on the Singapore Exchange dropped 2.46% to $112.55 per tonne on Tuesday, but the price has risen from $105 level in early December. Spot iron ore closed 3.3% higher on Monday at $108.51/tonne, from $105/tonne on Friday. Iron ore futures on the Dalian Commodity Exchange closed up 4.53% at CNY688.50 ($105) per tonne on Monday.
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.