Trading Halt?, page-6

Commodities
Iron ore futures in China jumped 6 per cent on Friday after a rally in Shanghai steel prices to their highest since July renewed buying in the raw material, with a brisk increase in domestic home prices reviving hopes for the property sector. The most-traded rebar, a construction steel product, on the Shanghai Futures Exchange rose as far as 2149 yuan ($US332) a tonne, its strongest since July 3, 2015. It closed up 3.5 per cent at 2118 yuan.
Vale said it could lose as much as 100 million tonnes of annual iron ore output in the Brazilian state of Minas Gerais over the next three years due to pending environmental licences. The Brazilian producer, in an email sent to Reuters, said licences for 88 projects were still being analysed. If they were not approved, consequent shutdowns would halve Vale's output in the state.
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