Articles Tagged "Vale SA"

Iron Ore Price Rally Comes to a Halt; Vale Plans to Reduce Output

Iron – The iron ore price has had a tough month, hitting a decade low at the start of April and then bouncing back mid-month with its biggest gain in nearly two years. And while the metal's price is still 9.5 percent higher this month, a 1.7-percent drop on Thursday following an initial tumble Wednesday shows that its rally may not last long.

Vale, Glencore Won’t Merge Sudbury Nickel Assets

Nickel – The Globe and Mail reported on Tuesday that Glencore Xtrata (LSE:GLEN) and Vale SA (NYSE:VALE) are no longer in talks to merge their nickel assets in the Sudbury Basin. The companies were aiming to merge their mines, mills and smelters in the area as a cost saving measure, an issue which is less important at the moment given the strong nickel price.