Iron ore prices fell on Wednesday March 20 after Brazilian miner Vale announced it has been given the go-ahead to restart operations at its Laranjeiras tailings dam in Minas Gerais state.
MB 62% Fe Iron Ore Index: $84.30 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.42 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.16 per tonne cfr Qingdao, down $3.04 per tonne. MB 58% Fe Premium Index: $75 per tonne cfr Qingdao, down $4.09 per tonne. MB 65% Fe Iron Ore Index: $95.60 per tonne cfr Qingdao, down $2.30 per tonne. MB 62% Fe China Port Price Index: 626 yuan per wet metric tonne (implied 62% Fe China Port Price $82.87 per dry tonne), down 19 yuan per wmt. MB 63% Fe Australian Lump Premium: $0.3700 per dry metric tonne unit, unchanged.Key driversVale said late on Tuesday that a court in Minas Gerais in south-eastern Brazil had authorized it to resume activities at the Laranjeiras tailings dam, which is connected to the 30 million-tonnes-per-year Brucutu iron...