Cliffs Natural Resources Shares Soar on Cost Cut Boost

Cliffs Natural Resources Shares Soar on Cost Cut Boost

Assessment

Interactive Video

Business

University

Hard

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The video discusses the financial performance of Cliffs Natural Resources, highlighting its record one-day gain due to cost-cutting and favorable market conditions. It also covers the broader trends in the iron ore market, noting price fluctuations and the impact of Chinese stockpiling and potential stimulus. Additionally, the video reports on Valley's return to profitability and ArcelorMittal's labor agreement with the United Steelworkers, which benefits their shares.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage gain for Cliffs Natural Resources reported in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How much did Cliffs reduce its cost to produce iron ore in the US?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to the profit of the Brazilian metals giant mentioned in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the impact of the labor contract agreement on the shares of the company mentioned?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What role did Chinese stockpiling and speculation about stimulus play in the market trends discussed?

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