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Reuters reported Vale (SAO:VALE5) is creating an iron ore hub in the Philippines.
Reuters reported Vale (SAO:VALE5) is creating an iron ore hub in the Philippines.
As quoted in the market news:
Vale is readying an alternative iron ore distribution base in the Philippines as China has barred the world’s largest dry bulk ships from its ports, halting the Brazilian miner’s plan to send its giant vessels to its top market.
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