Jump in pellet prices boosts Grange

MAGNETITE producer Grange Resources has secured a 69% interim price increase for iron ore pellets produced at its flagship Savage River mine in Tasmania.

Jump in pellet prices boosts Grange Jump in pellet prices boosts Grange Jump in pellet prices boosts Grange Jump in pellet prices boosts Grange Jump in pellet prices boosts Grange

The company reached agreement with its major shareholder and primary customer, China’s largest private steel mill Shagang, for a $US50 per tonne increase on last year’s benchmark price of $72/t.