Cadence Minerals Advances in Green Steel with Amapá Project

Cadence Minerals (GB:KDNC) has released an update.

Cadence Minerals has confirmed that its Amapá Iron Ore Project in Brazil can produce high-purity, Direct Reduction grade iron concentrates with an iron content of 67.5%. This achievement is crucial for the steel industry, which is increasingly seeking DR-grade products to reduce carbon emissions, and positions Cadence to benefit from rising premiums for such concentrates. The company’s progress at Amapá enhances the project’s economic prospects and aligns with the broader industry shift towards green steel production.

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