Iron ore at Vale's Teluk Rubiah terminal in Lumut, Malaysia, which the firm hopes will save on transport costs in Asia. Photo: Bloomberg

Vale opens Malaysia port to lower logistics costs

Brazilian giant seeks to erode its geographic disadvantage in supplying Australian customers as falling iron ore prices hurt producers' margins

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Iron ore at Vale's Teluk Rubiah terminal in Lumut, Malaysia, which the firm hopes will save on transport costs in Asia. Photo: Bloomberg
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