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Vale’s New York shares fell 3.12% to US$11.47 on Wednesday as Brazil’s stock market dropped 2.68%, while Rio Tinto gained 0.22% to US$85.93. The post Vale Falls 3.12% as Rio Tinto Gains 0.22% | Iron Ore, Oct 28 appeared first on The Rio Times .
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The LIT lithium fund edged up 0.10% to US$62.69 on Wednesday, but Albemarle fell 2.02% and Chile’s SQM dropped 2.26% in New York trading.
Copper’s CPER fund rose 0.70% to US$40.33 on Wednesday as Freeport-McMoRan gained 0.99% and Southern Copper slipped 0.27% after the Fed hold.
Colombia’s COLCAP index closed almost flat at 2,505.79 on Wednesday, down 0.03%, while the peso slipped about 0.5% to 3,163 per dollar as oil rose.
Nexa Resources, a Peru and Brazil zinc miner, fell 1.09% to US$11.82 on Wednesday while Teck Resources gained 1.22% to US$63.04 in New York.
Brazil’s Gerdau fell 3.01% and CSN 7.55% in New York on Wednesday, while the SLX steel fund dipped 0.12% and Nucor and Steel Dynamics rose.
Oil rose about 2% on Wednesday as US crude stocks fell 1.89 million barrels; the USO fund gained 1.64% and Ecopetrol 2.26%, while Petrobras slipped 1.21%.