Increasing supply from the Philippines and China for nickel, while iron ore is seeing significant production increases from Brazil and Australia.
Large inventories building up of nickel ore, refined metals and an adequate amount of ferro-nickel.
Chinese PMI with respect to manufacturing contracted for the sixth straight month, which shows the slow growth of infrastructure and development.
A lack of steel production, which hurts iron ore demand, as 98% of iron ore goes toward steel and the two major industries using the commodity, auto and construction, have both seen significant contractions this summer.
This is increasingly bad considering China accounts for two-thirds of the global demand for iron ore and considering 80% of Vale's EBITDA comes from sales of iron ore.
Increasing volatility across a broad range of securities isn't helpful for painting a clear value picture.
Continued corruption in the Brazilian government could have an adverse effect on prices
India placing some twenty mines back into commission, adding large new levels of supply to the market.
Chinese trade data showing a 1% decline in iron ore exports YOY in August.
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