Iron ore price, page-20254

A little something to think about before that clever sod @PilbaraBoy beats me to it.  This research stuff difficult for
Sunny Jim here.  LOL

Malaysia lockdown closers Vale's iron ore terminal.

Brazilian iron ore producer Vale has shut its Teluk Rubiah iron ore blending terminal in Malaysia.

The Malaysian government has asked Vale to halt operations at the terminal from 18 - 31 March, the company told customers
today.  Malaysia has imposed movement restrictions, including shutting all non- essential businesses, until the end of the month to contain the sprwead of the corona virus. the extent of the outbreak will determine whether the lockdown is extended.

Vale's IO terminal will be closed after a vessel loading is completed today.

Vale opened the terminal in Perak in2014 to blend its northern system Carajas fines and high silica southern system fines.  It has a capacity of 30 mn t/yr for incoming Vale mixes from Brazil and outgoing Capesize cargoes to China.

The impact of the outage may be minimised by Vale's shift to blending ore at Chinese ports since 2017.
Vale has aimed to blend 80mn-90 mn t of BRBF at overseas portside facilities to supplement around 24mn t/yr from the
Malaysian terminal.

This was published on 18.3.2020.  Sorry about the lousy typing.  Back later gators to do after market report.