On Monday, Shares of Vale S.A. (NYSE:VALE), lost -4.10% to $5.61, as the slump in iron ore prices drags down the world’s largest producer of the steel-making ingredient.
Iron ore prices were down 5.4% to $52.28 a dry metric ton, according to a price index compiled by Metal Bulletin, amid the rise in Chinese port stockpiles.
Inventories at Chinese ports raised by 2.8% last week to 81.55 million tons following 11 straight weeks of declines, according to Bloomberg.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally.
Shares of Corning Inc. (NYSE:GLW), declined -0.41% to $19.62, during its last trading session.
On June 24, Corning Incorporated, declared that it will invest in a new Gen 8.5 liquid crystal display (LCD) glass substrate finishing facility in Chongqing Liangjiang New Area (CQLJ) in Southwest China.
This new finishing facility will become Corning`s second LCD plant on the China mainland. Corning also operates a melting and finishing LCD plant in Beijing. This investment is driven by strong demand for LCD substrates in China and will enable Corning to serve Chinese panel makers more effectively through localized glass supply. The company did not disclose the funding level for this project.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Finally, Exelon Corporation (NYSE:EXC), ended its last trade with -0.34% loss, and closed at $31.94.
The Southeastern Electric Exchange (SEE) has named PECO as the organization’s safest member company. PECO was recognized with the 2015 Total Company Safety Award at the SEE Annual Conference and Trade Show held in Hershey, Pa. in June.
The Total Company Safety Award recognizes the participating member company that achieves the best (lowest) Occupational Safety and Health Administration (OSHA) recordable incidence rate for the year. Last year, PECO’s overall OSHA recordable rate of .54 marked the best safety performance in the company’s history, surpassing the company’s previous record set in 2013. It also was the third year in a row that PECO achieved its best-ever safety performance. PECO remains one of the safest utilities in the industry and the company’s OSHA recordable rate matches the Edison Electric Institute’s best-in-class measurement for electric utilities nationwide.
In addition to his role at PECO, Innocenzo also serves on the board of the Southeastern Electric Exchange.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
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