China iron ore slumps.
Chinese iron ore futures fell nearly 5 percent on Wednesday after miner Vale SA won approval to resume some processing operations, while Shanghai rebar steel extended losses into a sixth session.
The Brazilian miner said the move at the Vargem Grande complex should add 5 million tonnes to annual production, and reaffirmed its 2019 guidance for iron ore and pellets sales, easing concerns over supplies...
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