RIO DE JANEIRO, BRAZIL - Iron ore's volatile year faces a new test. The world's largest mining companies are signaling a complex supply picture amid heightened concern about the strength of Chinese demand.
Vale's iron ore production was slightly lower than expected last quarter, although volumes grew from the previous period.
The company also maintained its annual projection. On Tuesday, BHP said it could raise production further in fiscal 2022 after a record year, while Rio Tinto warned of difficulty in meeting demand and signaled that annual shipments may be at the lower end of its forecast.
The . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here