Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
The death toll from a dam burst in the Brazilian town of Brumadinho rose to 115 people on Friday, according to the team tasked with recovering bodies from the site.
The rescue and recovery team said that 248 people were now listed as missing, a number that grew by 10 after miner Vale SA , which owned the dam, identified additional workers as unaccounted for.
(Reporting by Marcelo Teixeira; Editing by Christian Plumb)