BUSINESSTHE RIO TIMES
Vale Proxy Jumps as China Steel Demand Lifts Iron Ore
Vale's New York shares increased to US$14.83, boosting CSN Mineração and Rio Tinto, driven by investor expectations of renewed Chinese construction and infrastructure demand. The rise is linked to elevated iron ore prices due to stronger steel demand in China.
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Adjacent reporting
- Iron Ore Slides as Vale ADR Falls 3.19% to US$14.58 on China Demand Fears
- Iron Ore Wrap: Vale, Rio Tinto Diverge as China Holds Steady
- Iron Ore Wrap: Vale Steady as China Steel Dips
- Brazil’s Vale Output Jumps as Government Pushes Into Board
- Iron Ore Wrap: Brazil’s Vale dips, CSN Mineração jumps
- Iron Ore Climbs as Steady China Demand Offsets Supply Risks