Brazilian Stocks Advance as Vale, CSN Gain on Iron Ore Prices

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  • Gerdau leads exporters gain, rises to eight-month high
  • Surprise jump in Chinese manufacturing gauge buoys iron ore

Brazil’s stocks extended a weekly gain as an advance in the price of iron ore buoyed Vale SA, the world’s biggest miner of the raw material, as well as steelmakers like Gerdau SA, which produces some of its supplies.

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