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Alderon Iron Ore Corp AXXDF

Metals & Mining Steel Industrial Metals & Minerals Steel
Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in the Labrador Trough.


GREY:AXXDF - Post by User

Alderon Iron Ore Corp
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Post by casey13on Aug 31, 2012 2:28pm
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Post# 20285508

Iron Ore

Iron Ore

https://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=157974&sn=Detail&pid=102055

Spot iron ore prices were only US$94.80 in late August, Mohr said, as Chinese steel mills have been working down inventories, given the slowdown in demand for construction-grade steel. "However, with only 10-20 days of inventory on hand, mills will begin to restock in the Fall, lifting spot prices."

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