Spot up. Paper rebounded overnight. Steel up but still stalled. Reuters has the big news:
Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.
In a corporate filing, Vale also reaffirmed its 2019 iron ore and pellets sales guidance of 307 million to 332 million tonnes, and said that sales should be around the midpoint of that target range, up from its previously forecast low end of the range.
