LKAB to reopen mothballed mine for growing iron-ore product demand

Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.

LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said.
The primary goal of the mine's reopening is to meet the increased demand for iron ore products in Europe and to build up a stock of iron ore for its pelletizing plants in Kiruna and Svappavaara, LKAB said.

"We...

Uranium volatility after Russia's US export restrictions

Gold stocks rebound on metal bounce and equity rise

Crypto market size continues to catch up with gold

Crypto stealing some of gold's thunder

Gold stocks drop on metal price decline