Cabo Verde Mineração halts iron ore ops in MG, pivots to rare earths

Cabo Verde Mineração has halted its iron ore operation in southern Minas Gerais, Brazil, and will focus on its rare earth project in the same region. The company had resumed operations in late 2025 but stepped back in September 2026, marking at least the fourth miner to react to the pressured iron ore market. This signals continued stress in the iron ore sector, potentially affecting supply and pricing dynamics.