Radiant Cuts More Jobs After Founder Loses Control of Firm
Radiant World is cutting staff beyond its core iron ore business after a Singapore court last week took control of the troubled commodity trader away from its founder.
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Radiant World is cutting staff beyond its core iron ore business after a Singapore court last week took control of the troubled commodity trader away from its founder.
Vale's New York shares closed at US$14.21, down 1.80%, while CSN Mineraรงรฃo fell 10.20% in Brazil. China's pre-holiday restocking lent support, but demand doubts The post Vale Slips as China Restocks Iron Ore Before the October Holiday appeared first on The Rio Times.
Iron ore was headed for a weekly gain after recovering from a sharp decline earlier in the week, even as weak steel demand and shrinking mill margins weighed on the outlook.
Mineração Usiminas suspended its Samambaia plant, up to 35 percent of output, as iron ore fell below US$100 and freight to China rose by half. The post Usiminas Idles a Minas Gerais Mine as Freight Costs Outrun the Ore Price appeared first on The Rio Times.
Vale and CSN Mineraรงรฃo shares slipped while Rio Tinto edged up on Friday, September 4, 2026, as iron ore hit a nine-week high just under US$100 a tonne. The post Iron Ore Steady Near US$100 as China Steel Output Falls appeared first on The Rio Times.