Author: Nidhi Awasthi
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India: NMDC’s Kumaraswamy auction sees strong premiums for high-grade ore
368,000 t of fines, 124,000 t of lumps booked at auction Tight availability drives aggressive bidding for higher grades NMDC’s Kumaraswamy auction on date in Karnataka witnessed strong bidding, with around 492,000 tonnes (t) of iron ore booked across fines and lumps. Around 368,000 t of fines with Fe 56.57-62.36% were booked at INR 2,752-4,883/t ($29-51/t),…