Vale's US shares dipped 0.07% as China steel demand worries overshadowed a Brazil rate cut. CSN Mineração tumbled 5.22% on Friday.
Key Facts
Vale’s New York-traded shares closed at US$14.71, a fractional dip of 0.07%, failing to hold early-session gains on Friday.
CSN Mineração slumped 5.22% to R$5.45, the sharpest single-day decline across the iron-ore proxies we track.
Rio Tinto bucked the regional trend, advancing 1.46% to settle at US$101.10 on Friday’s close.
Brazil’s central bank cut the Selic rate by 25 basis points to 14.00%, a fourth consecutive reduction aimed at easing domestic credit conditions.
Vale's New York shares rose 0.47% to US$15.06 on Friday, while Rio Tinto fell 0.34% and CSN Mineração slipped 0.17%, on mixed…
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