Iron Ore Slumps Toward $100 After Housing Briefing in Beijing [Yahoo! Finance 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
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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. Still, iron ore futures fell 4% to $100.55 a ton in Singapore by 2:16 p.m. local time, touching their lowest since Sept. 27, while copper dropped 0.8% and aluminum fell 1.2% on the London Metal Exchange. “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,” Zhou Mingbo, an analyst with GF Futures Co., said by phone. 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 wea
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News
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VALE
Earnings
- 7/26/24 - Beat
VALE
Sec Filings
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- VALE's page on the SEC website