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The latest announcement is out from Rana Gruber AS ( (DE:7XH) ).
Rana Gruber ASA has entered into new swap contracts for iron ore from January to June 2026, following a recent benchmark update by Platts and SGX. The contracts reflect a shift in the global iron ore benchmark from 62% to 61% Fe, which will be applied to all new and open contracts expiring from January 2026. Despite the adjustment, the impact on Rana Gruber is expected to be minimal due to the company’s high-quality iron ore concentrate, which typically commands a premium. The company aims to align future deliveries with the Fe65 index, reflecting its strategic focus on increasing iron content.
More about Rana Gruber AS
Rana Gruber ASA is a Norwegian iron ore producer established in 1964, leveraging over 200 years of mining experience. The company processes and exports natural mineral resources to global customers, primarily serving steel producers and the chemical industry. With around 370 employees, Rana Gruber has a production capacity of 1.8 million metric tons of iron ore concentrates.
Average Trading Volume: 101,441
Current Market Cap: NOK2.45B
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