Vale, the Brazilian mining giant, has temporarily stopped production at its Onça Puma nickel plant in Pará state. The shutdown came after a fierce windstorm on October 5, 2024, damaged the local power transmission network. Vale expects the plant to resume operations by October 15, 2024, once power is restored. The company reassured stakeholders that […]
Related Posts
U.S. Set to Rethink Venezuela Sanctions Relief
On Friday, the White House announced a possible “pause” in sanctions relief for Venezuela. This reconsideration depends on Venezuela’s progress in releasing political detainees and Americans held captive. The decision follows a deadline set for Venezuelan President Nicolas Maduro to fulfill specific obligations. John Kirby, a national security spokesperson for the White House, recognized some […]
Venezuelan Opposition Rallies Behind Edmundo González Urrutia for Presidency
In a significant move, the Venezuelan opposition has united behind Edmundo González Urrutia, endorsing him as their presidential candidate. González Urrutia, a former ambassador to Argentina and Algeria, gained support on Friday night, signaling a unified effort against the current government. The backing came despite earlier disputes, particularly with Manuel Rosales, Governor of Zulia, who […]
Oil Prices Surge Amid Renewed Middle East Tensions
The oil market experienced a significant upturn on Tuesday, October 22, as fears of escalating conflicts in the Middle East resurfaced. Crude prices climbed by 2% in response to growing concerns about regional stability. This increase reflects the market’s sensitivity to geopolitical events in this crucial oil-producing region. West Texas Intermediate (WTI) crude for December […]