Miner Vale Slips 0.44% as Rio Tinto Gains 1.03% | Iron Ore, Nov 2

Globo

Lean Right

Factuality

Ownership

Iron ore prices closed almost stable on Monday (2), in the face of a smaller fall than expected in demand for this input for steel production in China, the main consumer of the product, where prices have been pressed in the last two months due to the market expectations of an excess supply in the fourth quarter. The most negotiated iron ore contract on the Dalian Commodities Stock Exchange in China (DCIOcv1) closed the daytime peak with a drop o…