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anglo pacific group plc

Iron ore prices are climbing again

Iron ore prices resumed their climb on Thursday with strong gains seen across all major grades.

According to Metal Bulletin, the spot price for benchmark 62% fines rose 1.1% to $95.65 a tonne, leaving it at fresh five-year highs.

65% fines increased by 1% to $107.50 a tonne, the highest level since Metal Bulletin first produced daily spot movements for this grade in early 2016.

58% fine was the relative laggard for the session, lifting 0.5% to $79.29 a tonne. It sits just below the five-year high of $79.95 a tonne set earlier this week.

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.