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27 Oct
19:49

LKAB delivers more iron ore on-year in Q3

Swedish iron ore miner LKAB saw stable production, increased delivery volumes and positive cash flow in the third quarter of 2016, the company says in a statement of its results sent to Kallanish. LKAB expects the market situation to remain largely unchanged in 2016. It also foresees that the oversupply situation in iron ore fines will remain or increase. This will mean continued pressure on iron ore prices and thus also on the company’s profitability, it …
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