Copper $ 5.486 / lb 2.56%

Brent Crude Oil $ 61.04 / bbl -0.20%

Palladium $ 1606 / ozt 3.85%

Crude Oil $ 57.32 / bbl -0.31%

Natural Gas $ 4.116 / Btu -1.32%

Silver Futures $ 63.94 / ozt 3.09%

Aluminum Futures $ 2860.75 / ton -0.33%

Micro Gold Futures $ 4375 / ozt 1.03%

Micro Silver Futures $ 63.96 / ozt 3.08%

Platinum $ 1806 / ozt 2.36%

Gold Futures $ 4375 / ozt 1.04%

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CVRD in Santos joint venture

Port Strategy | July 23, 2011 | 7:15 pm Europe Latin America Potash

CVRD has formed a joint venture with Vale Fertilizantes to operate the Ultrafertil concession in the port of Santos. It paid $95m for 51% stake in the business and will invest $273m in total. The terminal imports sulphur, ammonia and general fertilisers.