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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.

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

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...

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