Iron ore price, page-21338

This is one of the most incisive articles I have come across on the general situation in Brazil. Personally, I think that there will be more lockdowns in Brazil, but that Vale will lobby hard to remain exempt. There is serious support for that exemption, as Vale is such a significant contributer to the national economy. However, it should be remembered that local courts and authorities in Minas Gerais and elsewhere,as recently as early April, prevented 25 of Vale's tailings dams from being reopened, therby stalling around 40 Mt pa of iron ore from being restored to production, which Vale had counted on. Vale is no longer untouchable in Brazil.

https://www.theatlantic.com/politics/archive/2020/05/brazil-coronavirus-hot-spot-bolsonaro/611401/


“Brazil is probably the next epicenter of the pandemic in the world,” Luciano Cesar Azevedo, a physician who has been spending his days and nights treating COVID-19 patients in intensive-care units in São Paulo, the country’s largest city, told me this week. “I think Brazil is going to get close to 100,000 deaths.” On the day we spoke, Azevedo noted that ICU beds in the city’s public health-care system were at 90 percent occupancy. He said Rio de Janeiro, whose health-care system is already seriously strained by the outbreak, could become Brazil’s New York.

From the artcle.



Four Brazilian men cycle around the center of São Paulo in protective gowns delivering protective masks and a mini cleaning kit to homeless people.


A woman walks in the street of Salvador, Brazil.

https://www.npr.org/sections/pictureshow/2020/05/06/839406178/life-interrupted-photos-of-brazil-under-lockdown