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-4.63821892393888E-05 0 0 -0.000927643784786622 0.000927643784786622 -0.00185528756957341 -0.00324675324675326 -0.00510204081632667
Stock impact report

Industrial Metals Slump as Sentiment on China Demand Worsens [BNN Bloomberg (Canada)]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: BNN Bloomberg
Iron ore futures fell more than 5% to trade below $100 a ton in Singapore, while tin, zinc and nickel paced declines for non-ferrous metals on the London Metal Exchange. China will expand a program to support the completion of unfinished housing projects to 4 trillion yuan ($562 billion), Housing Minister Ni Hong said at a briefing on Thursday. That nearly doubles the scale of spending as Beijing bids to ease the real estate crisis, but investors had been hoping for more. “The property policies are focused on resolving the backlog of housing inventory, which doesn't really help much with steel demand in the short term,” said Zhou Minbo, an analyst with GF Futures Co. Iron ore had rallied from a two-year low below $90 in late-September to above $110. But prices have faded as a series of government briefings on economic policy fell short of expectations. China's economy is still under pressure, with its third-quarter growth likely to be at its weakest pace in six quarters, accord Show less Read more
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