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03 Jan
14:44

Iron ore strong as Anglo boosts Minas Rio

Seaborne iron ore prices gained on Thursday amid increased restocking interest at mills. Anglo American meanwhile says it has secured greater flexibility in operating Minas Rio, and so has increased its production guidance for the year. The Kallanish KORE 62% Fe index gained $1.18/tonne on Thursday to $73.42/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled at CNY 494.5/t ($72.13/t), up CNY 3/t, while on the Singapore Ex…
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