Iron ore price rises as heavy rains force miners to halt operations in Brazil
The iron ore price jumped on Wednesday as heavy rains disrupted southeastern Brazil’s iron ore industry, with Vale among the companies halting operations and regulators sent to monitor the impact on tailings dams.
Dalian iron ore futures climbed 1.9%. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $133.68 a tonne during morning trading, up 3.5% compared to Tuesday’s closing.
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Published on Mining 12/01/2022.
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