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anglo pacific group plc

A significant shift is underway across iron ore markets

Lower grade iron ore prices continued to surge on Thursday, closing the session at fresh multi-month highs.

According to Metal Bulletin, the price for 58% fines jumped by a further 3.6% to $51.51 a tonne, leaving it at the highest level since late August 2017.

The daily percentage gain was the largest in seven weeks, extending its rally from late November to nearly 30%.


Anglo Pacific (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.