| Global Iron Trade Faces Disruption as Port Shut; Prices Jump | |
| | |
|
The SGX AsiaClear iron ore contract in Singapore rallied as much as 6.9 percent to $39.90 a ton on Friday, while futures on the Dalian Commodity Exchange rose as much as 3.2 percent. Iron ore with 62 percent content delivered to the Chinese port of Qingdao, a benchmark that’s set daily, was at $41.29 a dry ton on Thursday, according to Metal Bulletin Ltd. In the decision, federal Judge Marcus Vinicius Costa outlined fines for each day Vale fails to comply with the halting of port activities. Vale has continually invested in environmental controls at the port in recent years, the Rio de Janeiro-based miner said in a separate statement. Steel-making giant ArcelorMittal also uses Tubarao, although the court’s decision won’t immediately affect its activities, it said in a statement. More from Bloomberg.com: The World Has Discovered a $1 Trillion Ocean Vale may be able to manage some of the short-term impact from disruption at Tubarao by tapping its distribution center for Asia, which is sited in Malaysia and has extensive stockpiles, according to Philip Kirchlechner, director of Iron Ore Research Pty and former chief iron ore representative for Rio in Shanghai. “This will enable them to fulfill their short-term contractual commitments,” Kirchlechner said by e-mail on Friday. “With hindsight this was actually quite a smart decision to set up this platform, originally set up for blending and transshipping but now it is actually becoming a useful buffer to absorb short-term supply disruptions.” Updates to add futures prices in first, fifth paragraphs. More from Bloomberg.com Read Global Iron Trade Faces Disruption as Port Shut; Prices Jump on bloomberg.com
|
|
|
Vale
|
|
EXPLORATEUR |
CODE : VALE3.SA |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Vale est une société de production minière basée au Bresil. Son principal projet en exploration est GALIURO en USA. Vale est cotée au Bresil et en France. Sa capitalisation boursière aujourd'hui est 326,3 milliards BRL (150,8 milliards US$, 140,9 milliards €). La valeur de son action a atteint son plus bas niveau récent le 19 février 2016 à 10,51 BRL, et son plus haut niveau récent le 27 août 2021 à 99,80 BRL. Vale possède 5 244 319 744 actions en circulation. |