Iron ore prices continue to rally, closing at fresh multi-month highs on Tuesday.
According to Metal Bulletin, the spot price for benchmark 62 percent fines rose by a further 0.7 percent to $74.31 a tonne, extending its surge from July 5 — the year-to-date low — to 17.7 percent.
It now sits at the highest level since early March having added 7.3 percent since the end of Gold Week holidays earlier this month.
Altus Strategies is a London (LON: ALS) and Toronto (TSX-V: ALTS) listed, diversified and Africa focused mineral exploration project generator. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects and royalties, diversified by commodity and by country. Altus currently has eighteen projects in six commodities across six countries. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.