Feb 12, 2019 06:49 PM
BUSINESS & TECH
China Iron Ore Prices Spike on Woes at Vale

A member of a rescue team searches for victims of a collapsed tailings dam owned by Brazilian mining company Vale SA, in Brumadinho, Brazil on Feb. 10. Photo: VCG
China iron ore prices spiked to a nearly two-year high when trading resumed after the weeklong Lunar New Year holiday on concerns connected to Brazil’s Vale SA, a top supplier to a Chinese industry that producers over half the world’s steel.
Vale’s supply situation has been in focus since Jan. 25, when a dam associated with one of its mining operations burst in Corrego do Feijao in the state of Minas Gerais. The accident left 165 people confirmed dead and another 160 missing, according to data as of Feb. 10. Vale uses such dams and the lakes they hold up as part of its mining operation to hold tailing, or mining waste.
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
-
02:39
-
01:20
-
Feb 21 18:06
-
Feb 21 17:13
-
Feb 21 16:48
-
Feb 21 16:22
-
Feb 21 15:42
-
Feb 21 14:32
-
Feb 21 12:29
-
Feb 21 11:55
-
Feb 21 11:16
-
Feb 21 07:17
-
Feb 21 07:25
-
Feb 21 07:10
-
Feb 20 18:35
MOST POPULAR
- 1In Depth: Tesla Charges Into China
- 2China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 3Update: China’s New Credit Growth Hits Record High
- 4 Operators of ‘Underground Banks’ Which Move Cash Out of China to Face Jail
- 5China Suspends Registration of Direct Selling Firms
GALLERY
SPONSORED
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas