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Iron ore traded on Mongolia Stock Exchange sent to China www.akipress.com
After the Parliament approved the Mining Products Exchange Law, Mongolia began trading not only coal, but also iron ore concentrates on the Mongolian Stock Exchange.
Iron ore concentrate was traded on the stock exchange for the first time on September 15. A total of 113,400 tons of iron concentrate are traded on the exchange. 72,000 tons of iron concentrate with a 65% content of the Mongolrostsvetmet state enterprise and 6,800 tons of iron concentrate with a 58% content of the Darkhan Metallurgical Plant were sold in the first trade. The price offered by the seller increased by 10-50% after trading.
The first commercial delivery began on October 4. The first 100 cars of iron concentrate sold by Mongolrostsvetmet were transported by rail from the terminal of the Bor-Ondor mining plant to the port of Erenhot, China, on October 5. The shipment of 50 cars of products from the Darkhan Metallurgical Plant began on October 7.
Published Date:2023-10-10
