Vale still trying hard. Using their Valemax ships out of PdM and pushing to reach their guidance, but the rains are with them for sure in the Carajas mountains, with thunderstorms most days. Looking like an early wet season.
Looks to me that the promise of a vaccine may indeed be pushing a restocking in China, before more international demand for IO kicks in. Vaccines will be rolled out from December, with Pfizer already having lodged its FDA application and ready to rumble, and Moderna also at its heels. Vaccine will roll out in December for sure. The vaccine rollout is a game changer, turning the tide. Interesting times.
Iron ore price, page-25195
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