Nordic Iron Ore's ultra-highly enriched 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 of mainly aluminum and silicon. In addition to environmental aspects, there are other reasons why the demand for ultra-high enriched iron ore is expected to increase.

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

Read more in the article published in the Annual Report 2024