Key Facts
Vale’s ADR gained 1.71% to close at US$14.83 in New York, acting as a direct proxy for seaborne iron-ore prices and Chinese demand.
CSN Mineração rallied 3.14% to R$5.91 in São Paulo, outpacing peers as the pure-play Brazilian iron-ore exporter caught a bid from domestic investors.
Rio Tinto advanced 3.24% to US$99.01, with the Anglo-Australian miner mirroring the strength in the Brazil–China iron-ore trade route.
Chinese policymakers signalled fresh credit easing targeted at stalled infrastructure projects, prompting steel mills to book higher volumes of imported high-grade ore.
