Key Facts
Vale’s New York-listed ADR fell 3.19% to US$14.58, serving as the primary equity proxy for seaborne iron ore prices into China.
China’s steel mills are weighing modest government stimulus signals against persistently weak construction orders that cap near-term demand for the raw material.
Brazil’s CSN Mineração shares edged up 0.17 per cent to R$5.73, showing marginal domestic resilience even as global miners traded lower.
Rio Tinto’s US-listed stock slipped 0.98 per cent to US$95.90, reflecting broader caution among the Australian majors feeding the same Chinese customer base.
