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Iron Ore Rockets as Vale’s Supply Disruption Convulses Market

By Krystal Chia (Bloomberg) — The global iron ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9 percent. Vale will […]

WP_Post Object ( [ID] => 197427 [post_author] => 21 [post_date] => 2019-01-30 15:38:07 [post_date_gmt] => 2019-01-30 15:38:07 [post_content] => iron ore shipBy Krystal Chia (Bloomberg) — The global iron ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9 percent. Vale will […] [post_title] => Iron Ore Rockets as Vale’s Supply Disruption Convulses Market [post_excerpt] => By Krystal Chia (Bloomberg) — The global iron ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impa... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => iron-ore-rockets-as-vales-supply-disruption-convulses-market [to_ping] => [pinged] => [post_modified] => 2019-01-30 15:38:07 [post_modified_gmt] => 2019-01-30 15:38:07 [post_content_filtered] => [post_parent] => 0 [guid] => http://gcaptain.com/?p=132441 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )