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15 Feb
16:52

LKAB grows sales/profit despite lower output in 2018

Swedish iron ore miner LKAB has reported increased sales and operating profit for the full year 2018 compared with the previous year. This is despite having seen reduced output in the fourth quarter, the company reveals in a results statement sent to Kallanish. In its outlook, LKAB says that its assessment shows that the oversupply situation within iron ore fines will continue, which is putting pressure on iron ore prices. At the same time, the premium for …
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