With strength and malleability on its side, iron has many industrial applications and is one of the world’s most important materials. However, those looking for ways to invest in iron ore should that know its main use by far is in the production of steel.
Prices for iron ore have suffered in recent years, but some investors remain optimistic about the industrial metal. And for good reason — while much of the base metals sector suffered under the weight of the COVID-19 pandemic in 2020, iron ore was able to overcome downward pressure.
Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.