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Vale SA (NYSE:VALE) Launches Iron Ore Spot Sales On WeChat In Chinese Yuan

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 […]