Iron – Reuters reported that according to Vale SA, the iron ore market is doing quite well and due to high demand from China, the price of this steelmaking ingredient will not go below $110 per ton.
Articles Tagged "Vale SA"
Iron – Bloomberg reported that the worst performing major mining stock for the year, Vale SA, posted a first quarter net income of $3.11B, beating analysts’ estimates.
Iron – Bloomberg reported that Vale SA’s first quarter iron ore output dropped 3.5% to 67.5 million metric tons after permit shortages and operational limitations.
Iron – Reuters reported that Rio Tinto, under the leadership of its new CEO Sam Walsh, will initiate major cost-cutting measures as it mitigates a sharp drop in demand for industrial commodities.
Iron – Bloomberg reported that the world’s largest iron ore producers are planning to invest $250 billion on new mines, which threatens to push the price slump deeper as experts believe that the commodity will drop in the next 3 years.
Iron – Bloomberg reported that Vale SA, in its bid to retake the title of the world’s second biggest mining company by value will replace trucks with 23miles of conveyor belts and build another railway through the Amazon. It is a $20B project, the most expensive project in the industry to date.
Iron – Bloomberg reported that iron ore is set for its first surplus in at least 10 years as production increases despite slower demand from Chinese steel mills.
Potash – Together, South America’s growing agriculture production and corresponding demand for cheap and accessible phosphate fertilizers are driving the growth of phosphate mining across the continent.
Iron – Bloomberg reported that Vale SA has fallen to its lowest since September 4 as Goldman Sachs Group lowered its estimate for iron ore and cut the price target on its American depository receipts.
Iron – Reuters reported that Brazil’s Vale SA, which is the biggest iron ore producer in the world, sees the price of the metal to rise above $110 a ton this year on China’s strong demand.