The Dalian iron ore price advanced on Monday, recovering from last week’s selloff that dragged the benchmark prices to multi-week lows.
Iron ore’s most-traded January contract on China’s Dalian Commodity Exchange ended daytime trading 1.7% higher at 688.50 yuan ($107.85) a tonne.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $119.08 a tonne.
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.