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.