Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Dalian Commodity Exchange said on Wednesday trading volume of opening long and short positions on iron ore futures contracts to be delivered in May and September of any non-futures company member or client shall not exceed 500 lots from April 26.
The trading volume of opening positions on the other iron ore futures contracts shall not exceed 2,000 lots on any single day, the bourse added.
The statement came after iron ore futures prices rose by more than 3% in day trading to 888 yuan per metric ton, marking an increase of more than 19% this month.
(By Amy Lv, Ella Cao and Ryan Woo; Editing by Jason Neely)
Column: China’s strong iron ore imports diverge from weak steel output
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