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Vale and Rio Tinto: Ore giants struggle to meet Chinese demand

RIO DE JANEIRO, BRAZIL - The world's two largest iron ore producers struggled to keep up with strong Chinese demand in the first quarter of 2021, under the impact of operational challenges and adverse weather, in a positive sign for prices that are now at the highest levels in a decade.

Vale (VALE3) produced less ore than forecast last quarter due to lower productivity at a mine and fire at a ship loader, signaling that recovery from the Subscribe to our Premium Membership Plan. Already Subscribed?

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