Tag: Vale dam rupture

Brazil: Vale Warns of Another Dam Burst; Iron Ore Prices Cross USD 100

May 17, 2019

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by

Monika Bajaj

in Fines/Lumps

Spot iron ore fines Fe 62% index has picked up to USD 100.4/MT, CNF China as against USD 98/MT, CNF China yesterday. The increase is due to Vale forecast of dam rupture in next week. The prices have hit 5 years high as the prices were last seen in May’14. Vale identified a movement at…