India: NMDC hikes iron ore base prices by up to INR 460/t ($5/t) for its Donimalai auction

NMDC Karnataka has announced the list prices for today’s iron ore auction from the Donimalai mines. Post-revision, fines (-10 mm, Fe 59%) are at INR 3,698/t ($44/t), up INR 398/t ($5/t), while lumps (10-40 mm, Fe 59%) are at INR 4,268/t ($51/t), up INR 459/t ($5/t). Prices include royalty, DMF, and NMET.