Brazil: Iron Ore Stocks Drop

Bloomberg reported iron ore producers in Brazil saw a sharp decline in stock values on Monday.

As quoted in the market news:

Vale SA (VALE5), the world’s largest iron- ore producer, dropped the most in more than four months as prices for the steelmaking raw material fell to the lowest since November. MMX Mineracao & Metalicos SA, the mining company controlled by Brazilian billionaire Eike Batista, also slumped.

Click here to read the full Bloomberg report.