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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

Steel Steel
Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.


TSX:LIF - Post by User

Labrador Iron Ore Royalty Corp > Iron Ore
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Post by liljohnnyjokeon Mar 14, 2024 8:59am
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Post# 35932277

Iron Ore

Iron Ore

Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin dropped to $110 per tonne, the lowest in nearly seven months due to subdued demand in China, the leading consumer. The slowdown in demand is causing a cautious approach among steelmakers, who are hesitant to restock due to sluggish production resumption. Steel stocks are higher than a year ago, reflecting weak downstream demand. Moreover, the recent National People's Congress in China failed to provide any significant support for the property market, and a slow start to the construction season is further dampening steel demand.

Iron Ore decreased 35 USD/MT or 24.56% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 229.50 in May of 2021. Iron Ore - data, forecasts, historical chart - was last updated on March 14 of 2024.

 
 
 

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