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24 Million Tons of Mining Products Traded Since the Beginning of the Year www.gogo.mn
90.6% of the total trade consists of coal.
As of December 13, 2024, a total of 24.55 million tons of mining products have been traded for 8.85 trillion MNT, according to the Mongolian Stock Exchange. Coal accounts for 90.6% of the total trade, 9.2% is iron ore, and the remaining portion consists of products like fluorspar and copper concentrate.
It was noted that sellers have gained an additional income of 796.1 billion MNT due to price increases. Looking at last week’s trade, iron ore with 52% purity was the most traded product. However, the majority of the traded value still comes from coal transactions.
Since the beginning of December, "Mongolrostsvetmet" SOE has sold 19,800 tons of iron ore with 52% purity. At the start of the month, the price per ton of 52% purity iron ore was $65, but by December 12, the price had decreased to $63.5 per ton.
Translated by ChatGPT
Published Date:2024-12-17
