A local court in Brazil tells Vale to halt its operations at one part of its Brucutu mine.
Seaborne iron ore prices trended up during last two weeks (+17.2%) and again approaching to $100 ($99.3)!
The restrictions in Vale as well as the early October holiday in China caused the iron ore price to increase. The China National Day will limit the transportation in Chinese roads so steelmakers are trying to buy their requirements before the start of the one-week-long holiday. On the other hand, more steelmaking environmental restrictions may be applied on mills because of the holiday.