China demand powers Fortescue shipments to record, beats annual estimate

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

An injection of A$5 billion to A$13 billion in workforce capability will be needed over the next decade.

Iron ore supply is expected to tighten after the Vale accident, but actual effects in the Chinese market will not occur until late March.

Our current prediction is for 19 very serious failures between 2018 and 2027.

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

"I think this is just a natural volatility after such a big supply shock"

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.