Market Currents
Vale's (VALE) iron ore chief says it is losing $2-$3 per metric ton in iron ore shipping costs...
-
Thursday, December 6, 2012, 2:13 PM ETVale's (VALE) iron ore chief says it is losing $2-$3 per metric ton in iron ore shipping costs because of China's port ban on its Valemax ships; the miner says the ships - among the largest afloat - should be saving it $6/metric ton vs. Capesize ships. Vale faces the additional costs because the ban forces it to transfer Brazilian ore from the Valemaxes to smaller ships at floating transfer centers in Asia.
Other date
Latest Commodities Articles
This news story has 2 comments:
TAG