Vale (NYSE: VALE) expects to start building “mega hubs” to make low-carbon iron ore products for the steel industry in the next six months to a year, the Brazilian miner said on Thursday.

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In unpacking production and export figures for chrome and ferrochrome in 2023 and the first quarter of this year, the International Chromium Development Association (ICDA) has confirmed that China and South Africa continue to drive the chromium market.

Anglo American's South African iron ore unit said on Tuesday it continues to build stockpiles at its mines due to persistent rail and port constraints.