Iron ore has undergone a transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
A spike in presumptive covid-19 cases at its operations in Nunavut has prompted Agnico Eagle Mines to send home its Nunavut-based workforce and temporarily ramp down operations for the remainder of the year.
There have been no factors that would trigger a significant declines in prices, with port congestion continuing and major users sticking to output plans, , according to Marubeni Corp.