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Stock impact report

China iron ore scales new peak as Rio Tinto cuts Pilbara supply guidance [Reuters]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Reuters
China iron ore scales new peak as Rio Tinto cuts Pilbara supply guidance - Reuters 3 Min Read MANILA (Reuters) - China’s iron ore prices hit record highs on Thursday after Rio Tinto Ltd lowered its Pilbara shipment guidance, suggesting that supply could remain tight even as Vale SA is set to fully resume operations at Brucutu mine. Rio Tinto on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April, citing operational problems. The guidance cut came just hours after Brazilian miner Vale, the world’s No. 1 iron ore producer, said late on Wednesday that it will fully resume Brucutu operations within 72 hours, after a favorable ruling from an appeals court. The most-actively traded September iron ore contract on the Dalian Commodity Exchange rose as much as 2.5% to 820 yuan ($118.94) a tonne, the highest level for the benchmark since trading of China’s iron ore futures started in 2013. Bruc Show less Read more
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