Browsing: commodities

Vale’s Iron Ore Production Takes a Hit in Q1 Due to Brazil’s Rainy Weather

Vale has announced a dip in iron ore production for the first quarter, primarily attributed to the heavy rains sweeping across Brazil that have hampered mining activities. This weather-related disruption poses significant challenges for the company as it strives to sustain its production levels. With these adverse conditions in play, concerns are mounting regarding future supply stability.

China Stops Buying U.S. LNG – OilPrice.com

In a significant shift, China has halted its purchases of U.S. liquefied natural gas (LNG), impacting the global energy market. This move reflects rising tensions between the two nations, as China’s energy strategies evolve amidst ongoing geopolitical friction.