Miter Saw Stand,Cordless Cut Off Tool,Cordless Cutting Tools,Cordless Cut Off Saw ZHENGYANG TECHNOLOGY CO.,LTD , https://www.supraone.com
Brazil’s iron ore supplier Vale is suffering from “force majeure†factors. On January 12th, it was reported that the Brazilian mining giant Vale announced that it was estimated to lose 2 million tons of iron ore due to heavy rainfall in the southern part of Brazil. At the same time, heavy rainfall has damaged the production of Brazilian small iron ore supplier MMX Mining, while China's WISCO Group holds 21.52% of the company's shares. In a public statement, Vale said, “The heavy rainfall forced the Vale to temporarily stop some of the iron ore mining operations in Minas Gerais earlier this week to ensure the safety of workers.†It is understood that Due to the relatively low cost of mining iron ore resources, in September 2011, the state even reported the mining tax. However, the continuous heavy rains from the beginning of January 2012 have disrupted the production rhythm of the relevant miners, and Vale has directly lost 2 million tons of iron ore that should be shipped. It is worth noting that some sales of iron ore in the Chinese market in Vale have temporarily stagnated. Recently, it was reported that the cargo of Berge Everest with a capacity of 388,000 tons was loaded with 350,000 tons of iron ore in Vale, and at the end of December 2011, it was shipped under the port of Dalian, China, but the goods were not available. Sold out. Some traders believe that Vale may wait until China's demand recovers, and the time may be after the Chinese Lunar New Year.