The surging iron ore price has been one of the big surprises in the mining world this year and it is beginning to spark renewed investor interest in long-dormant iron ore assets, and juniors with iron ore assets ready to dust off.
“62 per cent Fe iron ore prices have hit fresh multi-year peaks, reaching their highest level since August 2014 at $95 a tonne, having rallied by 45 per cent from late November 2018,” says veteran Sydney-based resources analyst, Gavin Wendt.
“Meanwhile, 58 per cent and 65 per cent fines have also surged higher, reaching $76 and $105 a tonne respectively.
“58 per cent fines have rallied significantly harder than mid and higher grades since late last year, helped by supply disruptions in Brazil and Australia — the world’s largest iron ore seaborne exporters — along with less onerous environmental restrictions governing industrial output in northern China.”
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.
