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China’s new Yantai deep water port receives first iron ore mega ship from Brazil’s Vale

Summary:
[unable to retrieve full-text content]Brazilian miner Vale this week docked its first skyscraper-sized ore ship at one of China’s newest deep water ports, putting into motion Beijing’s strategy to diversify its sources of iron ore.However, analysts said it would be some time before shipments from Brazil seriously challenge those from Australia, given that Vale is still trying to ramp up production to 2018 levels following production problems from the coronavirus outbreak and a tailings mine disaster early last year.The fully-laden…

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[unable to retrieve full-text content]
Brazilian miner Vale this week docked its first skyscraper-sized ore ship at one of China’s newest deep water ports, putting into motion Beijing’s strategy to diversify its sources of iron ore.However, analysts said it would be some time before shipments from Brazil seriously challenge those from Australia, given that Vale is still trying to ramp up production to 2018 levels following production problems from the coronavirus outbreak and a tailings mine disaster early last year.The fully-laden…

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