MMX Rises 8% on Increase in Iron Ore

Bloomberg reported MMX Mineracao & Metalicos SA (SAO:MMXM3) reached an eight month high has iron ore prices increased.

As quoted in the market news:

MMX, based in Rio de Janeiro, gained 4.1 percent to 9.39 reais in Sao Paulo today, the highest since May 31. The stock has climbed about 41 percent this year, the biggest increase in the Brazilian benchmark Bovespa index.

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