Vale’s Woes Grow as Tubarão Pellet Plant Closed — Panjiva


Vale’s Woes Grow as Tubarão Pellet Plant Closed

Brazil 260 China 1760 Corp - Ports 661 Materials - Metals/Mining 482 Metals - Steel 360 Mode - Seaborne 1273

Brazilian miner Vale has suffered a second setback to its iron ore exports after its pelletizing plant at Tubarão was closed due to water contamination. The port of Tubarão accounted for 26.9% of Vale’s 342 million tons of exports in 2018. Chinese buyers, which may have included Baoshan Iron & Steel and the local subsidiary of Glencore, may see the most significant disruption given they accounted for 25.9% of Vale’s exports via Tubarão.

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