Dam disaster triggers spike in iron ore prices

Vale’s decision to cut production could leave the market short of supply
Thursday 07 Feb 2019 Author: Daniel Coatsworth
Iron ore prices have risen by 15% since a dam collapsed at one of Vale’s iron ore mines in Brazil on 25 January. The Brazilian company will halt 40m tonnes of production, equal to 10% of its annual production, in order to decommission dams similar to the one that burst. That has prompted some analysts to say the market now needs extra supply from the seaborne market in order...

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