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The S&P Global Platts IODEX 62% Fe index reached a record $233.10 per tonne May 12, driven by a resurgence in global demand, tightening supply and runaway steel prices. Although prices eased back in July, iron ore and steel will be key beneficiaries of the infrastructure investment drives in both China and the U.S. They ...
Strong iron ore prices have shown great resilience, with the sustainability of their rally attracting market attention. The S&P Global Platts 62% Fe index, IODEX, reached a record $233.1/dmt on May 12 driven by a resurgence in global demand, tightening supply and runaway steel prices. Although the IODEX eased back slightly in early June, iron ...
(in U.S. dollars unless otherwise noted) TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada has acquired 14.7% of Vale's outstanding Participating Debentures ("Royalty Debentures") from the Brazilian Development Bank ("BNDES") and the Government of Brazil for $538M. The Royalty Debentures provide holders with life of mine net sales royalties on Vale's Northern and Southeastern Iron Ore Systems and on certain copper and gold operations (together, the "Royalty"). This transaction provides royalty exposure to some of the world's largest and most profitable integrated iron ore mines with reserv...