Iron Ore Production Down 20% in Brazil

Bloomberg reported iron ore production is down 20% in Brazil, according to Vale (SAO:VALE5).

Bloomberg reported iron ore production is down 20% in Brazil, according to Vale (SAO:VALE5).

As quoted in the market news:

Vale yesterday declared force majeure, a legal clause that allows companies to miss deliveries, on iron-ore shipments and said it will lose 2 million metric tons of the steel-making ingredient because of the rains in southeastern Brazil, where the company has 15 mines. The downpours are the largest since at least 1910, Martin said today.

Click here to read the full Bloomberg report.

brazil vale Iron Investing

MARKETS

Markets
TSX	19668.39	+13.47
TSXV	606.71	-2.12
DOW	32427.31	-133.29
S&P 500	3994.97	-7.90
NASD	11867.71	+7.60
ASX	6955.40	+56.90

COMMODITIES

Commodities
Gold	1964.48	+21.36
Silver	22.95	+0.51
Copper	4.05	+0.06
Palladium	1713.17	0.00
Platinum	1087.26	0.00
Oil	70.27	+0.60
Heating Oil	2.60	+0.03
Natural Gas	2.19	-0.16

DOWNLOAD FREE REPORTS

Browse more resource reports ≫

Browse more technology reports ≫

Browse more life science reports ≫

BROWSE COMPANIES BY SECTOR