Large iron-rich deposit discovered in Shandong

Published: Aug 21, 2019 17:02

Save

It has an average Fe grade of 55.97%

SHANGHAI, Aug 21 (SMM) – A new iron-rich mine with an average Fe grade of 55.97% was discovered in the Litun orefield in Qihe-Yucheng area of Shandong province, the Shandong Bureau of Coal Geology announced on August 15.

The mine has a maximum iron grade of 66.46%, and an average magnet grade of 49.32%.

The discovery is likely to facilitate the establishment of a large iron-rich mine development base in Shandong.

Market commentary Iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 4, 2026 18:42

Algeria Develops Iron Ore with New Railway Line Construction

Feb 4, 2026 18:42

Feb 3, 2026 17:47

A mine in Yunnan auctioned 96 mt of molybdenum concentrate on February 3.

[Transaction Information for Molybdenum Concentrates] SMM, February 3: It is reported that a mine in Yunnan auctioned and sold 96 mt of 40% molybdenum concentrates (copper 1–3%) on February 3, with the final transaction price at 4,115 yuan/mtu.

Feb 3, 2026 17:47

Feb 2, 2026 14:38

Open Negotiation Procurement for Stainless Steel Welding Rods (Second Time) Tender

Feb 2, 2026 14:38