Kumba Iron Ore is trading 4.39% up now at ZAc 24590.00 after renewed attention to Anglo American’s year-long supply agreement with China’s state-backed CMRG.
- The agreement covers approximately 10 million metric tons through March 2027, with Kumba supplying Chinese mills; China represented 54% of first-half sales.
- Iron ore rose 1.74% on September 3, supporting momentum; the gain materially exceeded provided recent-session moves, indicating confidence in sales visibility and iron-ore demand. No volume data was provided.