News Snapshot:
December 1, 2020 Brazilian Mining Vale SA (NYSE:VALE) has signed a Memorandum of Understanding (MOU) with Beijing Iron Ore Trading Corporation (COREX), showing its interest to launch iron ore spot trading on WeChat. The first joint action will be launching a Yuan-priced platform in early next year to facilitate transactions. Vale launch e-trading of iron ore on WeChat The launch of iron ore e-trading is part of its efforts to digitize its iron ore B2B trading and customer-centric development strategy with innovation. Bruno Pina, Vale Metals Shanghai Co.’s head of sales and managing director, said that Vale and COREX would...
