China 2024 iron ore imports hit record on resilient demand, steel exports
The world's largest iron ore consumer brought in a total of about 1.24 billion metric tons last year.
Brazilian miner Vale SA said on Monday that the train circulation in its Carajas iron ore mine railroad was temporarily halted due to a land movement caused by heavy rains.
The incident did not cause any casualties and Vale expects to conclude maintenance on the railroad by Wednesday and resume the train circulation.
Vale added that the incident will have minimal impact on its output and it will not change its production guidance for the year.
(By Carolina Pulice and Peter Frontini; Editing by Jonathan Oatis)
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