Trade spats to curb industrial metals demand: BMO
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company’s Sossego and Onca Puma mines.
The miner was informed by the State of Para’s environmental secretary last week that its operating license for the mines had been suspended.
Para’s environment secretary did not immediately respond to a request for comment.
(By Steven Grattan; Editing by Kylie Madry and Matthew Lewis)
Read More: Vale sees no indication of environmental breach at suspended mines
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