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NIO

0.33500001 EUR
0.013
3.74%
Last update May 30, 7:35 PM CEST
Market closed
Day range
0.33199999
0.35100001
Previous close
0.34799999
Open
0.34700000
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Nordic Iron Ore AB
0.34
0.01
3.74%

Overview

Description

Nordic Iron Ore AB is a mining company engaged in the exploration, development, and production of iron ore assets in Sweden, focusing primarily on the resumption of mining in the Blötberget and Håksberg mines. These projects are located in the historically significant Bergslagen mining district, known for its rich deposits and extensive mining history. Nordic Iron Ore AB's primary function is to extract and process high-quality iron ore, which is a critical raw material for the global steel industry. By tapping into existing infrastructure and employing modern mining techniques, the company aims to efficiently supply iron ore to meet global demand, particularly in Europe. The resurgence of mining operations by Nordic Iron Ore AB can potentially strengthen the supply chain of iron ore, contributing to economic growth in the region and supporting the steel manufacturing sector, which relies heavily on stable and sustainable sources of raw materials. Established as a key player in the mineral extraction industry in Sweden, the company holds an essential role in bolstering both local and international markets.

About

CEO
Employees
4
Address
AkarevAegen 2
Grängesberg, 772 32
Phone
46 24 08 83 00
Instrument type
Common stock
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Germany
MIC code
XBER
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