Market Intelligence
Secure Iron Ore Purchase: Sourcing Fe 62%+ from Verified Mines
Lodfy Team·7 min read·
Secure Iron Ore Purchase: Sourcing Fe 62%+ from Verified Mines
Iron ore is the backbone of global steel — and one of the most fraud-heavy commodities traded today. Forged SGS assays, off-spec Fe content and shell-company brokers cost buyers millions per cargo. A truly secure iron ore purchase starts with verified iron ore suppliers and authenticated lab reports. Lodfy delivers both.
The risks in iron ore procurement
- Forged SGS / CIQ assays hiding low-Fe, high-silica or high-phosphorus cargo.
- Shell-company brokers claiming mine allocations they do not control.
- Vessel substitution and falsified Bills of Lading at load port.
- Sanctions exposure through opaque mine ownership in restricted jurisdictions.
How Lodfy delivers iron ore fraud prevention
- KYB verification of iron ore mines — registration, directors and beneficial ownership traced to source.
- AI-validated assay reports cross-checked with SGS, CIQ and Alex Stewart issuing offices.
- Vessel and IMO screening against sanctioned-fleet databases.
- Multi-list sanctions screening (OFAC, HMT, EU, UN) on every counterparty.
What iron ore buyers gain
- Authenticated Fe 62%+ cargoes with verified moisture and impurity levels.
- Direct access to KYB-cleared mines, not chains of brokers.
- Lower counterparty risk on every CFR China or FOB Brazil deal.
Source iron ore from verified mines today
Stop paying for unverified assays. Create your free Lodfy account or see pricing and start sourcing iron ore from pre-screened producers.