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

NMDC Karnataka has revised list prices for today’s iron ore auction from the Donimalai mines. Post-revision, fines (-10 mm, Fe 59%) were at INR 4,015/t ($48/t), up by INR 317/t ($4/t), while lumps (10-40 mm, Fe 59%) stood at INR 4,728/t ($56/t), up by INR 460/t ($5/t). Prices include royalty, DMF, and NMET.