Iron ore prices to stay high on strong steel output

High iron ore prices are tipped to continue into Q2, supported by rising steel production and reduced steel inventories, according to the latest S&P Global Platts Iron Ore & Steel Outlook.

Some 61% of participants said iron ore prices will range over $140-$160/mt CFR in Q2, with 17% seeing them higher at $160-$180/mt.

A majority 65% expect iron ore requirements to be higher than in Q1, while 22% thought they would be lower, according to research carried out by Platts.

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.

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