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anglo pacific group plc

Iron ore futures are climbing towards new highs

Iron ore spot markets closed mixed on Friday as higher grades rose modestly while mid and lower grades fell.

However, with Dalian iron ore futures scooting higher on Friday evening, it looks like there may be broad-based gains to come on Monday.

According to Metal Bulletin, the spot price for benchmark 62% fines fell 0.2% to $88.16 a tonne, partially reversing the 1.3% gain achieved on Thursday.

 

Anglo Pacific Group (LON:APF) has a diverse portfolio of assets in low-risk jurisdictions and is the only listed company on the London Stock Exchange focused on royalties connected with the mining of natural resources.

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