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anglo pacific group plc

Iron ore prices climb to new cyclical highs

Iron ore prices climbed to fresh multi-year highs on Friday, led by higher grades.

According to Metal Bulletin, the spot price for benchmark 62% fines jumped 2% to $97.24 a tonne, the highest level since 7 July 2014.

Higher grades also rallied with 65% fines lifting 1.5% to $111.50 a tonne, settling at the loftiest level since the start of 2016 when Metal Bulletin first produced daily spot price movements for the the grade.

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.