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Champion Iron Ord Shs T.CIA

Alternate Symbol(s):  CIAFF

Steel Steel
Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.


TSX:CIA - Post by User

Champion Iron Ord Shs > Iron ore price rises as Russia-Ukraine conflict
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Comment by Gr8brt10on Mar 01, 2022 7:02am
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Post# 34470180

RE:Iron ore price rises as Russia-Ukraine conflict

RE:Iron ore price rises as Russia-Ukraine conflict

Seaborne iron ore prices surge amid sharp rise in futures, swaps

Seaborne iron ore prices rose sharply on Tuesday March 1 amid a bullish uptrend in iron ore futures on the Dalian Commodity Exchange (DCE) and in front-month swap contracts on the Singapore Exchange (SGX), sources told Fastmarkets.

Key drivers
The most-traded May iron ore futures contract on the DCE was trending upwards, ending the day up by 4.5% from its closing price of 705.50 yuan ($112) per tonne on Monday.
Forward-month swaps contracts on the SGX surged bullishly and, by 5:56pm Singapore time, the most-traded April contract rose $6.67 per tonne compared with Monday’s settlement price of $141.93 per tonne.
Sources said the sharp rise on Chinese futures on the DCE was driven by the active trading at the Chinese ports, where some mills were heard to be procuring cargoes to replenish inventories, according to a northern China buyer source.

Most traders were staying positive on the demand outlook for iron ore


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