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Freight eats into iron ore profits

Major iron ore miners’ price realisations are again nearing lows seen earlier in 2017, as higher freight rates eat into elevated premiums for lump and higher-quality products.

Freight eats into iron ore profits Freight eats into iron ore profits Freight eats into iron ore profits Freight eats into iron ore profits Freight eats into iron ore profits

Rising pellet premiums have benefited iron ore miners, particularly Anglo

Liberum analysts Richard Knights and Ben Davis said in a research note that benchmark iron ore prices have stabilised just above the 2017 low of US$55 per tonne in June, while premiums for lump ...