Rising demand for ultra high-grade ore

Nordic Iron Ore’s ultra high-grade iron ore concentrate is very suitable for reduction in all existing processes and known future processes, as these production processes benefit from high iron content and low impurities, mainly of alumina and silica. In addition to environmental aspects, there are also other reasons why the demand for ultra high-grade iron ore is expected to increase.

For example, a higher productivity can be achieved by using a raw material with a higher iron content and better metallurgical properties. This trend has increased the demand for pellets, which is an iron ore product that is made of iron ore concentrates that generally have a high iron content. All in all, this indicates continued strong growth in the market segment in which Nordic Iron Ore will operate.

Read more in the Annual Report 2024