China seen as stop-gap center for Vale with key iron ore port TRMT shut on COVID-19

Malaysian terminal shut since March 24 China ports to cater to Southeast Asia customers No impact expected for Brazilian miner’s 2020 sales Singapore — As China slowly comes out of lockdowns imposed earlier this year, its ports and iron ore blending facilities are being seen as viable alternatives for avoiding trade disruptions created by quarantine […]

China iron ore extends gains on stimulus hopes, falling Brazil exports

(Reuters) – China’s iron ore futures rose on Tuesday along with other ferrous derivatives amid hopes of stimulus support for the global economy facing recession due to a coronavirus outbreak. Iron ore prices also got a boost after major supplier Brazil reported a 17.5% month-on-month decline in exports of the steelmaking raw material in February. […]