Vale Port Halt Spurs Iron Rally Amid Trade Disruption Fears

Updated on
  • Judge issues order after iron ore, coal dust found in sea
  • Vale plans all legal measures to get activity reestablished

The global iron ore trade may be disrupted after Vale SA, the largest producer, was ordered by a Brazilian court to temporarily close one of its main ports following alleged environmental breaches. Prices of the raw material gained along with miners’ shares.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.