Currently viewing Global edition

Iron ore lump premium hits record high

The iron ore lump premium has hit a record high of around US$25 per tonne in September as China once again flexes its policy muscles for the sake of the environment.

Iron ore lump premium hits record high Iron ore lump premium hits record high Iron ore lump premium hits record high Iron ore lump premium hits record high Iron ore lump premium hits record high

Lumps and bumps: The iron ore lump premium is renowned for being very volatile

Macquarie said in a research note that news of government-imposed sinter production cuts had caused Chinese mills to panic-buy iron ore lump, the main substitute, leading to the premium reaching a new