Vale's New York shares fell 4.30% to US$13.80 and CSN Mineração sank 5.18% as China steel demand fears hit iron ore proxies on Thursday, August 13, 2026.
Key Facts
Vale’s US shares fell 4.30% to US$13.80 in Thursday’s session, the steepest drop among the iron ore proxies we track.
CSN Mineração closed at R$5.49, down 5.18%, making it the weakest Brazil-listed mining proxy on the day.
Rio Tinto shed 2.98% to US$98.20, confirming the sell-off was global rather than Brazil-specific.
China steel demand was the dominant driver, with traders trimming exposure to iron ore-linked equities on fresh concern about construction activity.
Vale's US shares dipped 0.07% as China steel demand worries overshadowed a Brazil rate cut. CSN Mineração tumbled 5.22% on Friday.
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