(Bloomberg) U.S. securities regulators sued Vale SA, one of the world’s largest iron ore miners, for allegedly making false claims about safety before the January 2019 collapse of its Brumadinho dam that killed 270 people.
Russia has escalated the weaponization of its energy resources, compounding the pain for European industry and exacerbating an already grim outlook for the economy.
(Bloomberg) Industrial metals from copper to iron ore recouped some of Monday’s losses after China pledged more support to help revive an economy that’s been imperiled by an escalating virus outbreak.
(Bloomberg) Iron ore futures in Singapore dropped as much as 12% to the lowest in two months in early Asia trading on rising concerns over demand for the steel-making raw material in China. Futures traded 7.9% lower at $138.90 a ton at 7:38 a.m.
(Bloomberg)
As Russia’s invasion of Ukraine reaches the two-month mark, President Volodymyr Zelenskiy said he’s preparing for a visit to Kyiv by U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin.