Labrador Iron Ore Royalty - All About The Iron Ore Price
Source: SeekingAlpha
2025-04-03 04:00:18 ET
Summary
- The iron ore price is heavily influenced by China's property market, as China is the largest consumer of iron ore for its development needs.
- Labrador Iron Ore Royalty earns income from a 7% royalty on iron ore sales and a 15% share of mine profits, both dependent on iron ore prices.
- The future income from LIFZF is tied to the iron ore price, which, I believe, will decline due to China's property market issues.
- Given the lower yield and potential for declining iron ore prices, I recommend holding LIFZF rather than buying or selling.
Whither iron ore?
The iron ore price, more than anything else right now, depends upon what happens in China's property market. This is just one of those things....
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Labrador Iron Ore Royalty - All About The Iron Ore Price
Labrador Iron Ore Royalty Corp
NASDAQ: LIFZF
LIFZF Trading
2.41% G/L:
$22.47 Last:
169 Volume:
$22.47 Open:
