Key facts: Vale faces shipping challenges from China's port fees; tests ethanol in locomotives
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- Vale (VALE3) faces challenges from China's new port fees on U.S.-linked vessels, which could raise freight rates and disrupt its shipping operations, especially for its U.S. depositary receipts.1
- Vale has entered into an agreement with Wabtec Corp to conduct tests on the use of ethanol in locomotives on the Vitória-Minas Railway, with testing set to continue until 2027.2