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Pellet manufacturers object to iron ore miners demand for
Half of the 75.68 mt of iron ore fines stockpiled in Odisha is above 60 Fe grade ore that can be beneficiated for use in domestic steel plants. The PMAI also blames the Odisha government from dissuading buyers by insisting on charging the same royalty rate on fines as it does on lumps a matter that is currently sub judice.
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Iron ore prices are flying - MINING.COM
Domestic Chinese prices also surged with the most actively traded iron ore futures contract on the Dalian Commodity Exchange hitting its daily uplimit to finish Wednesday nearly 6% higher at 587
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Chris Ellisons Mineral Resources will pay a 77c per share final dividend after booking a record 1bn net profit on the back of strong iron ore prices and the sale of a lithium project.
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High-grade iron ore prices are soaring after another mining
Higher grades were also bid with the price for 65% Brazilian iron ore fines lifting 2.8% to $91.60 a tonne a fresh multi-month high. In contrast lower grade ore was pulverised with the price for
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This is what will drag the iron ore price back down
This year the market is littered with early sellers of iron ore’s prospects. That strategy has clearly failed so far. Iron ore prices have reached five-year highs.
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