Iron Ore Drops as Stockpiles, Vale Output Add to Supply Concerns
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.
By Katharine Gemmell, Annie Lee · Bloomberg Markets
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.