India: Over 100,000 t of iron ore booked at Vedanta-ESL’s Odisha auction

Vedanta-ESL concluded 110,000 t of iron ore (fines and lumps) auction on 15 Dec’22.

• 60,000 t of lumps (10-40mm, Fe60-62%) were sold at INR 5,450/t.
• 50,000 t of fines (Fe60-62%) were sold at INR 4,350/t.
• Prices include royalty, DMF and NMET.