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 environmental agency of Brazil’s Rio de Janeiro state said on Thursday it has allowed Vale’s iron ore terminal in Mangaratiba to reopen.
Earlier authorities had closed the Ilha de Guaiba terminal, which exports nearly 40 million tons of iron ore a year, saying it had been operating without a required permit.
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