miércoles, 24 de septiembre de 2014

Iron ore trade to grow 35% over five years

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China News Digest
Thursday 25 September 2014
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Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.

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Mega-carriers docking in China will see Brazilian giant Vale double export volumes to China over the next five years.

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills' appetite for iron ore.

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Fresh data suggests it is still too early to celebrate a recovery in the sector.

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